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Sydney a gateway to the world for clean energy industries

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Two cutting edge London companies are moving their headquarters to Sydney, reinforcing the city’s position as a financial hub in the Asia Pacific region and a strategic location for clean energy industries to access international markets. As the Australian Government debates the carbon tax, Carbon Trade Exchange is opening in Sydney, providing the first online platform for businesses to trade carbon credits globally. Sister company Ventura Carbon will also open in the harbour city, providing advisory services for clean technology projects. Carbon Trade Exchange CEO Wayne Sharpe said the move was a bid to capitalise on strong emerging opportunities in the Australian market. "Australia’s transition to a low carbon economy over the next decade will present opportunities for businesses specialising in carbon reduction technology, consulting services, research and trading," he said. "The presence of Carbon Trade Exchange will have a positive impact on the market and encourage businesses to actively trade carbon credits. We hope by offering an easy to use, cost effective solution to carbon trading, more companies will choose to go ‘carbon neutral’." The New South Wales Government lobbied for these investments alongside the Office of Trade, Business and Industry. Deputy director general for Trade, Business and Industry Barry Buffier said the two relocations represented a vote of confidence in Sydney’s future role in the global carbon trade. "NSW is in a strong position to leverage its legal, accounting, finance, compliance and project management skills to meet the growing demand for renewable energy infrastructure, investment in clean technologies, and emissions trading and reporting," he said. The two companies will create 106 jobs over five years.

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