Hong Kong Exchange Plans Emissions Trading Center

From Forbes:

Sitting right at the doorstep of the world’s largest greenhouse gas emitter, China, top officials at the Hong Kong Stock Exchange do not need any more evidence to support their optimism about the market potential of a new initiative for a trading center for emissions-related products. All they need to do is look out the windows of their harborfront office, to a hazy horizon regularly clouded by pollution and smog.