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  • Published: Nov 2nd, 2010
  • Category: Asia
  • Comments: None

Singapore market for carbon trade growing

| Sourced From Wildsingaporenews |

SINGAPORE’S carbon market is growing and new firms are setting up shop here on the back of increased interest in carbon trading in Asia.

Ministry of Finance Permanent Secretary Chan Lai Fung said yesterday Singapore’s position as a major international financial centre has attracted key players such as Tricorona and Gazprom, which are the world’s leading traders of carbon.

Today, there are about 30 carbon trading companies in Singapore, up from just a few a couple of years ago.

The global carbon trading market has been growing rapidly in recent years and is estimated to increase in value from about

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