will be established in Singapore this year, giving the region's fast-growing economies a forum for funding green technology.As always, this should appeal to the "free-market" crowd, and I've yet to see serious reservations about carbon trading as a viable means of meeting Kyoto Protocal goals. I'm interested in the long-term potential for carbon trading, though -- is this just a way to get started reducing CO2 emissions? Is it primarily a way to prime the innovation pump to get us beyond fossil fuels?
CO2 credit derivatives are already trading on exchanges in Europe and in the United States, but the Singapore bourse - to be called ACX-Change - will offer the lure of access to emerging economies eager to finance infrastructure investment.
``Asia has huge potential as a sellers' market to meet increasing demand from [Western] buyers,'' said Kesava Shotam, chief executive of Asia Carbon International BV, Friday.
``Right now there are a lot of buyers and not enough sellers.''
Technorati tags: carbon, Kyoto, economics, Asia
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