CO2 quotae: The Government modifies the Monetary and Financial Code throught a draft bill on banking and financial regulation to take into account the financial crisis with regard to the development of the CO2 emission trading scheme

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Banking and Financial Regulation Bill, adopted without amendment on 2nd reading by the National Assembly on 11 October 2010 With Directive 2003/87, the European Community embarked on the construction of its most ambitious environmental policy by creating a European system for trading CO2 quotas. The development of trade and the gradual opening of the market to new players are faced with an insufficient regulatory framework to guarantee market stability. The market for greenhouse gas emission allowances soon to be covered by financial regulations It should be remembered that the CO2 emission allowance market is an economic tool which, because of its