Reuters, 28 Oct 2009
Asian cities are likely to beat Australia in the race to become a carbon-trading hub, despite Australian plans to set up the region's first cap-and-trade market, industry experts said on Wednesday.
Sydney believes it is on pole position to become a hub, but the experts said Australia's most populous city was likely to be brushed aside as Hong Kong, Beijing and Singapore also staked claims to be Asia's main center for carbon trading.
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