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News 31

Brazil's economists predict 'huge' growth of carbon markets

Director of Brazil's leading green economy university says cap and trade will be key to driving down deforestation

Brazil's new carbon market could experience "huge" growth in the next eight years, as the government seeks to curb emissions from deforestation and industry.

That is the bullish prediction of some of Brazil's leading economists, who are also looking to the UK for advice in developing a successful emissions trading scheme.

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