Straits Times: The global carbon industry is expected to perform well this year despite the global financial crisis — but it is fast running out of time, a carbon expert said last week. What it needs is a clear signal from world leaders that there will be a firm price on carbon past the Kyoto agreement which expires in 2012, said fund manager Josh Carmody of the Asia-Pacific Carbon Fund under the Asian Development Bank (ADB). Under the global agreement to cut greenhouse gas emissions — …