* European exchange sees no hurry to set up in Australia
* Cautious stance is in contrast to local rival ASX <ASX.L>
* European Climate Exchange says political row needs to end

GOLD COAST, Australia, Oct 29 (Reuters) – The operator of world’s largest carbon market, European Climate Exchange (ECX), has shelved plans to expand into Australia, concerned that the nation’s planned cap-and-trade scheme had stalled.

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Tags: Cap-and-Trade, Carbon Market, Carbon Trading