Japan trading firms search for more CO2 credits http://www.reuters.com/article/fundsFundsNews/idUST26993420070813?sp=true
Mon Aug 13, 2007
By Yuko Inoue
TOKYO, Aug 13 (Reuters) - Japanese trading houses are stepping up their investment in environmental projects around the globe, betting on tidy profits from selling carbon credits as rising emissions mean Tokyo faces missing its Kyoto target.
New entrants are looking to join the likes of top trading house Mitsubishi Corp. (8058.T: Quote, Profile, Research) in becoming buyers of carbon credits, as they see profit in selling to firms such as utilities or governments cutting emissions under the Kyoto Protocol. http://www.reuters.com/article/fundsFundsNews/idUST26993420070813?sp=true