China to set up Asia’s first carbon-credit exchange

China, set to overtake the United States as the world’s largest carbon dioxide emitter, will soon set up Asia’s first carbon-credit exchange in Beijing, allowing the country a head-start in the multi-billion-dollar global carbon market.




Many mutual funds that invest abroad had sizeable 2006 gains that bore the stamp “made in China” but recent volatility in that country’s stock markets have cast some doubt onto this year’s returns.

China, poised to pass the US as the world’s largest carbon dioxide emitter, will set up the country’s first carbon-credit exchange to let companies profit from cutting greenhouse gases.