Worldwide growth of carbon trading is attracting several Asian economies to the point that Hong Kong, Beijing, Mumbai and the like are considering establishment of carbon exchanges to facilitate trade of carbon credits in their countries. As Carbon Development Mechanism has gained popularity, Asian firms now appreciate carbon as a soft commodity that has the potential of being traded as carbon credits or in other various forms in carbon exchanges.
However, critics say the idea may not work well unless demand for carbon credits takes a boost in Asia. Liam Salter of WWF Hong Kong asserts carbon exchanges cant rely solely on CDM projects because of the uncertain future of CDM.
For detailed insight into the Asian Carbon Market, read here.