As December approaches, the possibility increases that the United Nations Framework Convention on Climate Change meeting in Copenhagen will become a catalyst for the wider introduction of carbon pricing. It is effectively part two of the Kyoto Protocol as it is scheduled to establish a global climate change agreement for the period between 2013 and 2020.
In a research report titled How would carbon pricing impact Asian company earnings, UBS analyst Simon Smiles argued that even if nothing is passed in Copenhagen, Asia has to sit up and take notice. There is reason to believe that carbon pricing in one form or another will begin to affect a range of companies across every Asian market...
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