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Thursday, 22 January 2015

Climate: Hollande defends a Tobin tax to finance the energy transition

François Hollande has announced his ambitions concerning the future of the famous tax on financial transactions, or the Tobin tax.  Objective: to take this political hydra out of a dead-end. And the reason: on 9 December, in Brussels, the eleven countries debating this tax as part of a "closer cooperation" at European level expressed their disagreement.  In Lima, precisely, the countries of the South – in particular the Africa Group, the Small Island States, Saudi Arabia, the Philippines and Brazil – called for details on the financing channels for this fund, without success.

Source: argusdelassurance.com