EU Starts 5 Battles to Resuscitate CO2 Market, SocGen Says
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The European Union, already facing criticism after expanding carbon trading this year to airlines, has opened five battlegrounds in its bid to resuscitate its flagging market, according to Societe Generale SA.
“It’s very clear their primary goal is to increase prices,” Emmanuel Fages, an analyst in Paris for the bank, said today by phone. “It’s the result of their political ambition.”