Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (54928)	10/26/2004 7:26:21 PM
From: Snowshoe	Read Replies (1) of 74559

EU launches carbon trading fund theglobeandmail.com Reuters Tuesday, October 26, 2004 - Page B17 Paris -- French state-owned investment bank Caisse des Dépôts et Consignations (CDC) launched a carbon trading fund for Europe yesterday to help kick-start and develop the new EU emissions market. Chief executive officer Francis Mayer said CDC has invested 25 million euros ($39.11-million) in the 100 million euro European Carbon Fund (ECF), that could see returns of up to 20 per cent by the end of the decade as Europe emits more greenhouse gases. European Union industries, including power generators and oil refiners, will have to meet targets to reduce emissions from 2005 or will have to buy carbon credits to enable them to continue emitting

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