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Emissions rights in a breath...

”The politicians in Copenhagen have the power to shape history’s judgment on this generation. The transformation will be costly, but the shift to a low-carbon society holds out the prospect of more opportunity than sacrifice. Climate change affects everyone, and must be solved by everyone.” Opportunities for whom, one might ask. Everyone? “Many of us, particularly in the developed world, will have to change our lifestyles. We will have to pay more for our energy, and use less of it. The transformation will be costly. The flow of capital tells its own story.” So, who’s...