China sets up first environmental exchange

0 Comments | AFP, August, 2008

BEIJING (AFP) — China on Tuesday launched its first environmental exchange in Beijing, aiming to eventually provide a platform for emission quota trading, the parent company and state media said.

The Beijing Environmental Exchange will be a trading platform for environmental protection technology as well as sulfur dioxide and chemical oxygen demand emission permits, the China Beijing Equity Exchange said in a statement on its website.

"The Beijing Environment Exchange will fully play its role as a market platform bringing together domestic and foreign companies, agencies, banks and investment banks," Xiong Yan, chairman of the exchange, said in the statement.

The exchange will report directly to government departments including the environmental protection...