India, China could join the big league of traders
18 Sep 2009
India and China may join the league of carbon trading hot spots in a few years, along with Singapore, Sydney and Tokyo, that should soon make the grade, says a major international trader.
Henry Derwent, president of the International Emissions Trading Association, says that over the next decade, European countries are likely to reduce their dependence on the Clean Development Mechanism (CDM) to achieve emission reductions.
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