CO2 Market: Industrial distraught

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More energy, February 01 2005 (summary)

In early January, a few days after the opening of trading quotas CO2, manufacturers were invited to a briefing by the consulting firm eco-sustainable. The first phase of this market is 30% of emissions (housing and transportation are not included) and is scheduled until 2008. To thin the market, flexibility mechanisms have been put in place and instruments that purchase quotas and sell them to companies in need have been created (European Carbon Fund launched by Ixis end 2004 in preparation project conducted by the CDC, Powernext and Euronext). But these flexibility mechanisms will emerge as the entry into force of the Kyoto Protocol, the 16 February.
At the meeting, two industrialists have expressed their position:
- The Lafarge Group feels handicapped by three measures of NAP: the failure to take account of past efforts, not taking into account the market growth and the coefficient of progress that is applied to all issues so that it is not possible to act on a third party.
- The Rhodia Group is aggrieved by not taking into account other greenhouse gases that were the majority of its efforts.
This appointment led him to become recurring will allow companies to exchange experiences and discuss the desirable developments for the post 2008.

Source: www.enviro2b.com

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