Copenhagen pact underwhelms CEOs

Business leaders had hoped that the Copenhagen climate talks would bring clear carbon-pricing rules and create a level playing field for clean energy -- but instead they've been left confused and uncertain about the way forward. That could slow the deployment of clean technologies and hamper the spread of emissions-trading programs, executives say. "It's very frustrating at this stage that we haven't got a more-comprehensive agreement," says Richard Gledhill, head of carbon markets at PricewaterhouseCoopers.

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