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Warming to the opportunities of climate change

Businesses are beginning to embrace the economics of carbon reduction. Here's how.

The environmental reality of climate change is fast becoming an economic reality. As companies confront the demands of a low-carbon future, they face new choices, new challenges, new competitors, and—ultimately—new opportunities to reshape industries and markets around the globe. McKinsey recently convened a conference of leading thinkers in the field. What emerged was a rich exploration of ideas on the present and future economics of resource efficiency and sustainability.

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