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<title>Brazil Claims First With Carbon Auction</title>
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<description>RIO DE JANEIRO, Brazil &#x26;#x2014; Brazil&#x26;#x27;s largest city sold millions of dollars worth of carbon credits at an auction Wednesday in a deal that experts said paves the way for developing countries to make money fighting global warming. Brazil&#x26;#x27;s Mercantile and Futures Exchange called Sao Paulo&#x26;#x27;s sale of $18.5 million in carbon credits to Dutch-Belgian Fortis Bank the first such sale to be held on a regulated stock market and a significant step toward institutionalizing the carbon market. Under the Kyoto Treaty on greenhouse gases blamed for global warming, companies that generate large amounts of polluting carbon dioxide and methane...</description>
<author>cron.com</author>
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<pubDate>Sat, 29 Sep 2007 20:21:27 GMT</pubDate>
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