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Could Brazil escape the carbon bubble?

2013-06-24 01:07:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: International efforts to curb greenhouse gas emissions and restrict temperature rises of around 2°C could result in significant economic opportunities for Brazil, thanks to its fast-expanding renewable energy sector and access to highly competitive oil reserves. That is the conclusion of a major new report from the Carbon Tracker group, which argues that the South America powerhouse is relatively well positioned to avoid the development of a "carbon bubble", whereby companies place high valuations...

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