Asia emerging as centre of carbon trade programme
5 Aug 2008
Financial market analysts expect increased participation of Asian countries in the carbon credit trade, with most of them cornering big investments in clean development mechanism (CDM) projects.
In a briefing to launch the Carbon Forum Asia 2008 in Singapore, Asia Carbon Global group director Yuvaraj Dinesh Babu revealed that securing 1 or 2 per cent of CDM projects would make a big difference in carbon trading in Asia, which is fast emerging as a centre for the global emissions market.
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