australia is about to set up a stock exchange for trading emissions in the next century, and although the modalities are yet to be finalised, the Sydney Futures Exchange will be the most-likely venue, said James Waldren, a key member of the Sydney Futures Exchange Limited. "Emissions trading will just be another commodity for us. We can facilitate the market. First, it will be a domestic market. Then, gradually, it will go international,' said Waldren.

A typical greenhouse gas ( ghg ) emission permit trade occurs when an industry produces ghg more than it is allowed to. To offset the excess ghg s, it will have to purchases