Growing emission credit market lures foreign partners

BEIJING - Global environmental exchange operators are seeking partnerships in China to assure a place in the fledgling carbon emission trading market as the nation heads toward becoming a world leader in the low-carbon sector.

NYSE Blue, a new joint venture of exchange operator NYSE Euronext and carbon trading market infrastructure provider APX, is responding to emerging market opportunities in China. It is setting its sights on voluntary market activity in the country.

It has undertaken a joint project with the China Beijing Environment Exchange - the voluntary Panda Standard, which NYSE Blue hopes can become mandatory in the future.