links for 2007-02-01

“The practice is perfectly legal but effectively allows the factories and the companies through which they trade carbon credits to make big profits. The eventual buyers of the credits are governments in developed countries…”

From my colleagues at CAP: “Paulson could pave the way for green technology to become as successful a U.S. export to China as airplanes and software by striking an agreement with his Chinese counterpart to facilitate such transactions.”

“U.S. Treasury Secretary Henry Paulson pledged on Wednesday to keep pushing China toward a more freely floating currency.” But he took it easy on Japan’s possibly undervalued yen.

“The New York Stock Exchange (NYSE) and the Tokyo Stock Exchange have formed an alliance to develop financial products and promote mutual company listings.” Trying to cut costs.