Europe’s largest carbon credit exchange is planning a joint venture with China Beijing Environmental Exchange (CBEEX) to take advantage of the potential approval of secondary carbon trading in China, the Financial Times reported. Bluenext, which is jointly owned by NYSE Euronext and French state-owned bank Caisse des Dépôts, hopes the deal will position it to take advantage of the possible launch of a secondary carbon trading market, which Beijing has yet to approve. In a preliminary step, Bluenext and CBEEX signed an agreement to offer information to potential foreign investors on Bluenext’s website about Chinese emission-reducing projects. China is said to lack channels for marketing and trading of carbon credits, despite being the world’s largest supplier of certified emissions reductions.
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