High hopes for emissions trading in Asia

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Although Australia has not ratified the Kyoto Protocol, the backers of one newly established fund believe Australian companies will be eager to trade carbon emissions. Last month, Rothschild Australia partnered with E3 International, a Queensland-based environmental think tank, to launch Carbon Ring Consortium (CRM) – an unregistered investment vehicle that allows companies in the Asia-Pacific region with a future carbon liability to purchase a range of carbon credits.

Investing companies are