An ETF for the fight against global carbon

"These long overdue findings cement 2009's place in history as the year when the U.S. government began addressing the challenge of greenhouse-gas pollution and seizing the opportunity of clean-energy reform," said Lisa Jackson, EPA administrator.

The Environmental Protection Agency said today that greenhouse gases are a danger to public health, a decision that may lead to new emissions regulations, in the form of new emission standards for cars, while potentially opening up large emitters such as power plants, crude-oil refineries and chemical plants to limits on their output of carbon dioxide and other gases.

Regardless of whether you are believe in global warming or deny it, a potentially good way to profit from this decision is ghrough the Global Carbon Capture ETF, GRN. It is an iPath ETF, and it is up 6% today, but is done 6% YTD:





Note that we track all commodity ETFs live here.

As a bonus, GRN is uncorrelated to pretty much all other commodity ETFs on the maket. That is a huge plus for diversification, please see our previous article.

About GRN:



The Barclays Capital Global Carbon Index Total Return™ ("BGCITR") is designed to measure the performance of the most liquid carbon-related credit plans and is designed to be an industry benchmark for carbon investors. Each carbon-related credit plan included in the BGCITR is represented by the most liquid instrument available in the marketplace. The BGCITR expects to incorporate new carbon-related credit plans as they develop around the world. The BGCITR currently includes two carbon-related credit plans: European Union Emission Trading Scheme or EU ETS Phase II and Kyoto Protocol's Clean Development Mechanism.