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Carbon Trade Exchange to Shift London Headquarters to Sydney

Carbon Trade Exchange, an online platform for businesses to trade emission-reduction credits, is moving its headquarters from London to Sydney as the Australian government seeks to introduce a price on carbon.

Efforts to curb greenhouse gas emissions are likely to turn Sydney into a regional hub for carbon trading, the exchange said in an e-mailed statement today. The plan will lead to at least 106 jobs in the city over five years, it said.