Barclays Bank PLC has introduced its iPath Global Carbon Exchange Traded Note on the NYSE Arca stock exchange.
As a link to the environment market, Barclays iPath ETN will give investors exposure to the global prices of carbon.
This ETN will be linked to Barclays Capital Global Carbon Index Total Return. This index is considered to be a global benchmark for carbon-related investing as it tracks most liquid carbon credits throughout the market. The index has two plans, the European Union Emissions Trading Scheme and the Kyoto Protocols Clean Development Mechanism, and has possible plans in regular review.
The purpose of the recent launch of 10 new iPath ETNs is to offer exposure to sub-indices of Dow Jones-AIG Commodity Index Total Return, which are linked to many commodities such as cotton, lead, aluminum, sugar and coffee. These ETNs have debt security, 30-year maturity and can be traded on exchange at market prices.