As the global temperature rises, green trading is warming up in the financial market with several institutions launching their own Green Index.
Standard & Poors launched in January 7 its Global Eco Index designed for 30 of the largest publicly listed companies worldwide operating in ecology-related industries, including clean energy production, water utilities and infrastructure, timber, environmental services and waste management.
UBS launched in January 10 its Greenhouse Index (UBS-GHI) that will be based on a mix of weather futures contracts traded on the Chicago Mercantile Exchange; carbon credits traded on the European Climate Exchange; and the UN’s Clean Development Mechanism traded on Nord Pool.
UBS said their new Greenhouse Index will simplify investing in a very complicated carbon market.
No comments here…I’m already having a hard time trying to sort out my 401-K so I’ll leave this one to the experts.