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Statement

Statement

Connie Hedegaard: "The Commission is taking a decisive step to reinforce the robustness of the CO2 market"

20/10/2011

Connie Hedegaard

The European Commission adopted today a proposal for the review of financial market rules, bringing into their scope also emission allowances. As the carbon market has experienced significant growth in size and sophistication, it needs a robust level of oversight to facilitate investments in the transition to a low-carbon economy.

Connie Hedegaard has made the following statement: "Today the Commission is taking a decisive step to reinforce the robustness of the CO2 market. By treating emission allowances as other financial assets, the proposal extends financial market protection to the carbon market. It will provide further certainty for carbon market participants as the market grows and matures. This way, the carbon market will better play its full role to mobilise the substantial investments needed for the transition to a low-carbon economy."

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Letzte Aktualisierung: 20/10/2011 | Seitenanfang