Asian emissions markets seen as step in right direction

China and South Korea emissions schemes show promise, say industry groups

china-buildings
IFC's Beloe: “International capital will have an important role to play in emissions trading in China”

The rapid growth that has made Asia the darling of global investors over the past decade has had an inevitable side effect: the continent is now the biggest source of pollution on the planet. According to the Global Carbon Project, China overtook the US as the world's largest producer of greenhouse gases in 2006 and now emits nearly twice the US volume of carbon. The gleaming city skylines symbolising China's economic rise are now regularly obscured by smog in what has been popularly labelled an