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Energywire will not publish Monday, Feb. 20. It returns Tuesday, Feb. 21.

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SPOTLIGHT

1. CLIMATE

Carbon budget attracts controversy as models try to map energy's future

The value of energy companies, embodied by the size of their reserves, could pop like a bubble. That was the conclusion widely drawn from the Intergovernmental Panel on Climate Change's fifth assessment report, released in October, which found the world can emit no more than 469 gigatons of carbon to avoid the worst effects of climate change.

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