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NYSE Euronext to Shut Carbon Market After Failed Auction Bid

NYSE Euronext and France’s Caisse des Depots et Consignations will close Bluenext SA, their joint carbon exchange in Paris, on Dec. 5 after the bourse failed to win a bid to run European Union permit auctions from next year.

Bluenext was one of several exchanges competing to sell emission permits on behalf of 25 member states in the third phase of the 27-nation bloc’s carbon market starting in 2013. The EU in September contracted Leipzig, Germany-based European Energy Exchange AG to sell the offsets.