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1. BUSINESS:

Firms risk losses by failing to prepare for low-carbon economy -- study

NEW YORK -- Companies and investors that fail to prepare for a low-carbon economy risk missing out on huge gains, and could be exposing themselves to painful losses, according to a new study released today by a U.K. climate advocacy group. The report from the Carbon Trust found that firms that adjust now for a future based on sustainable energy sources stand to reap huge financial rewards, with some increasing their net enterprise values by as much as 85 percent. Those that don't will miss economic opportunities, risking up to 65 percent of company value and losing competitiveness.

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