| on Mar 18, 2008, 11:55 AM E.S.T.
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Page 1 of 2  The mantra from businesses and politicians in the developed world is
that technology will provide a solution to rising global emissions.
Indeed, they say, fighting global warming can be good for business.
General Electric has rightly staked a claim to be an environmental
leader by selling wind turbines. Wal-Mart is going green by asking its
suppliers to evaluate their emissions as they manufacture Wal-Mart
products. Trading in carbon emissions can certainly be profitable: In a
month of dismal financial news in the United States, Climate Exchange,
which runs the Chicago Climate Exchange, saw its stock rise more than
20 percent.
"We believe that technology can help solve some of these clean
energy issues, and that ultimately by doing so we can make money for
our investors," Jeff Immelt, the chief executive of General Electric,
told a conference in California this month.
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