The Cost of carbon : carbon trading

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      <subfield code="a">As the concept of developing markets for trading in carbon emissions continues to unfold, it may hold opportunities for the insurance industry.
China recently announced its intention to host the world's biggest carbon emissions trading market by 2017.The September 24 pledge was made as part of a bilateral push between China and the US to become leaders in tackling climate change. As China currently contributes about 30% of the world's greenhouse gases, the initiative is big news for anyone interested in the impact of climate risk</subfield>
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