At The Core
World News
Paris wants to regulate CO2
"Whatever the outcome of negotiations in Copenhagen, carbon finance will grow," asserted Friday Augustin de Romanet, director general of the Caisse des Depots (CDC), central player of the CO2 market in France. Europe, pioneer, has held his Fellowship in 2005. Over 62 billion it traded in 2008, three quarters of global transactions. But Japan, Taiwan and South Korea will begin their Fellowships, followed in 2012 by the United States. Three days before the opening of the UN conference on climate change, Ministers of Economy and Ecology, Christine Lagarde and Jean-Louis Borloo, inaugurated on Friday the "Committee established France Carbone" . This instance of consultation will propose rules for the third phase, 2013-2020, to avoid, including the VAT fraud. The Franco-British rivalry also affects the CO2.Bluenext, the platform for exchange of Paris handles 80% of European spot market, but London (platform ECX) dominates the futures market. Pace "our friends across the Channel," says Christine Lagarde, "our intention is to regulate."
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