May 27 (Reuters) - Companies and governments are turning to emissions trading as a weapon to fight climate change, in a carbon market worth $64 billion last year. Cap and trade schemes force participants -- often energy-intensive industries -- to buy permits to emit greenhouse gases such as carbon dioxide, which is produced from burning fossil fuels. The European Union launched its cap and trade scheme in 2005, while New Zealand will launch a similar initiative this year. Canada and ...
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