In the last few days there has been an onslaught of new ETFs and ETNs. The most interesting might be the iPath Global Carbon ETN (GRN), a way to access the carbon trading market.
GRN tracks something called the Barclays Capital Global Carbon Index Total Return. It will have a 0.75% annual fee and will not pay out any interest.
Barclays provides a report on the iPath Web site -- and even if you have no interest in GRN for an investment, learning about the greenhouse gas issue is important.
There is an increase in greenhouse gas emissions stemming from greater use of fuels like oil and coal in the running of businesses and other entities around the world. One solution to this problem is to tax (sort of) companies that exceed pollution allowances and reward companies that do not.
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