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Carbon trading begins

Written by The Courier Mail

Friday, 13 July 2007

AUSTRALIA'S first carbon trading market will be set up next month. Newcastle Stock Exchange (NSX) yesterday announced an $11 million water takeover for Sydney water broker The Waterexchange with the two expecting to launch a voluntary carbon emissions trading platform in August. Australian companies currently have to trade carbon emissions overseas but Prime Minister John Howard has called for a national scheme to be established by 2012. The Australian Securities Exchange is looking at establishing its own scheme after pricing is set next year. The Waterexchange CEO Brian Peadon said environmental group Greening Australia had already signed up for the program, which would be available to big businesses and mum and dad investors. Investors also will be able to trade shares in companies in the sustainability sector in a new stock exchange board to be launched in September by former US vice-president Al Gore. Quote this article on your site | Views: 1279   Be first to comment this article Write Comment Please keep the topic of messages relevant to the subject of the article. Personal verbal attacks will be deleted. Please don't use comments to plug your web site. Such material will be removed. Just ensure to *Refresh* your browser for a new security code to be displayed prior to clicking on the 'Send' button. Keep in mind that the above process only applies if you simply entered the wrong security code. Name: Comment: Code:*

 

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