New ETF Book by Larry Connors - Click here to read more
Founded last year, Sydney-based Perenia provides comprehensive services, including calculating carbon dioxide emissions and brokering carbon credits. Its operations extend beyond Australia to South America, Southeast Asia and elsewhere. Mitsui says these areas complement those where it wants to expand its environment-related businesses.
Australia is toughening its environmental regulations. The government plans to introduce a cap-and-trade system to restrict greenhouse gas emissions. Mitsui aims to meet the demand from Japanese firms in Australia trying to comply with these changes.
(Nikkei)maz
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