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SPOTLIGHT

1. MARKETS:

Cap and trade finds a new home and political traction in Asia

SHANGHAI -- When Jeff Huang hosted a visiting Chinese official in the Chicago Climate Exchange in 2011, he was impressed by the official's interest in trading carbon dioxide. Unlike his previous experience with high-level Chinese officials who usually shake hands, exchange gifts and let their subordinates ask questions, this time it was the official himself who kept asking detailed questions during the hours-long meeting, recalled Huang. He is managing director for Greater China at IntercontinentalExchange Inc., which owns the Chicago Climate Exchange.

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