Asian companies are showing enthusiasm for climate change policies, results from the yearly Carbon Disclosure Project show. The majority of the 400 Asian companies surveyed said that they expect to benefit from the government regulation pertaining to climate change. According to the CDP, many of the respondents plan to earn carbon credits which they can sell to companies under a carbon-trading scheme. Starting in 2015 in South Korea and Australia, companies will be allowed to sell international carbon credits to countries who have carbon-reduction commitments under the Kyoto Protocol. China’s own carbon trading system is also expected to demand carbon credits soon as the country strives to meet a 17 per cent carbon emissions reduction target by 2015.
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