Civic Exchange is pleased to announce the release of a new report: 'The Emissions Game - How Markets Can Help Save the Planet' commissioned by CLSA Asia Pacific Markets.

Written by Christine Loh (CEO of Civic Exchange) and Roger Raufer (Director, Engineering Services of International Emissions Trading Group), the report explains how both traditional and emerging emissions trading systems work. It looks at the Kyoto Protocol's flexible mechanisms and other carbon markets, and discusses the prospects for post-Kyoto climate cooperation. Based on this international experience, the authors consider how emissions trading systems could be employed in China and Hong Kong to address the interlocking goals of air pollution control, energy efficiency, and reduction in carbon intensity.

The report can be downloaded from the Civic Exchange website:

http://www.civic-exchange.org/publications/2007/ET.pdf

Roger Raufer was in Hong Kong this week to speak about emissions trading at the 3rd Forum of   Civic Exchange's Energy series held on 25 January 2007. His presentation is on the website and a transcript of the forum, including the lively Q&A session, will also be posted there shortly.

A copy of the presentation "Market-based Pollution Control: Hong Kong & the International Marketplace" can also be found on the website:

http://www.civic-exchange.org/publications/2007/raufer.pdf

For more information on the report, please contact:

Christine Loh cloh@civic-exchange.org  or +852 9802-8888

Roger Raufer roger.raufer@ietg.com

If you would like or further information on Civic Exchange's ongoing and planned research programmes, please do not hesitate to contact Michele Weldon (mweldon@civic-exchange.org).