Making Global Warming Pay
Take global warming. No matter what your political stripe, it's hard to rationally argue that glaciers aren't receding and Antarctic ice shelves are plummeting into the ocean.
So, how have the global financial markets responded? We've seen the development of a number of climate exchanges for trading emission contracts, and the development of water indices.
What is truly amazing is what is happening to the capital markets in those countries that are affected the most by global warming. Canada, for
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