French Finance Minister Calls For Carbon Pricing Floor

Law360 (July 9, 2021, 11:36 AM EDT) -- French Finance Minister Bruno Le Maire called for a price floor for carbon on Friday, saying it could mark an important first step for the world's largest developed and developing economies to help set a global price for pollutants.

Speaking at a conference ahead of a global meeting of finance ministers in Venice, Italy, Le Maire said the best way to prevent companies from moving production to locations with weaker environmental rules, which is known as "carbon leakage," would be a single, global carbon price. But he said this was politically impossible at the present time.

"So, let's forget about that...

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