S’pore an ideal centre for water and carbon derivatives trading [News]
By Thomas Cho, Channel NewsAsia, 11 Oct 2012.
Singapore may not have a carbon tax regime yet but being a financial hub, it may be poised to be a centre for water and carbon trading.
This is according to the inventor of carbon trading, Dr Richard Sandor, who was speaking at a Singapore Exchange (SGX) lecture.
Governments around the world are attempting to cut carbon emissions and reduce the effects of global warming.
Regional countries are reassessing their entire energy policy to be in line with global demands to cut carbon emissions.
Japan and Australia have already introduced carbon tax.
Meanwhile, South Korea has made low carbon, green growth a national priority.
Source: Channel NewsAsia