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Business leaders make post-2012 carbon trading recommendations

A group of 91 chairmen and CEOs of major global businesses has presented recommendations for the post-2012 carbon reduction regime to replace the Kyoto Protocol.

The plans, presented to Japan’s Prime Minister Yasuo Fukuda, who will host the next G8 summit, outline a more “environmentally effective and economically efficient” long-term policy framework.

In their recommendations, the CEOs urge adoption of a rapid and fundamental strategy by governments to bring about a low-carbon world economy. They call on the G8 and other developed country governments to

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