{"id":1225,"date":"2005-05-31T15:30:00","date_gmt":"2005-05-31T15:30:00","guid":{"rendered":"http:\/\/sustainablog.greenoptions.com\/2005\/05\/31\/asian-co2-exchange-ready-to-launch\/"},"modified":"2005-05-31T15:30:00","modified_gmt":"2005-05-31T15:30:00","slug":"asian-co2-exchange-ready-to-launch","status":"publish","type":"post","link":"https:\/\/sustainablog.org\/articles\/asian-co2-exchange-ready-to-launch\/","title":{"rendered":"Asian CO2 Exchange Ready to Launch"},"content":{"rendered":"
From China’s The Standard via Eco-Portal<\/a>, news<\/a> that an Asian carbon exchange mechanism <\/p>\n will be established in Singapore this year, giving the region’s fast-growing economies a forum for funding green technology.<\/p>\n 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.<\/p>\n “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.<\/p>\n “Right now there are a lot of buyers and not enough sellers.”<\/p><\/blockquote>\n 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?<\/p>\n Technorati tags: carbon<\/a>, Kyoto<\/a>, economics<\/a>, Asia<\/a><\/p>\n