The accompanying table presents the MikeHav Global Carbon Trading Index along with tracking of related commodities and benchmark funds -- including coal prices, iPath Global Carbon ETN (GRN), US Natural Gas Fund (UNG), US Oil Fund (USO), Market Vectors Global Alternative Energy ETF (GEX), PowerShares WilderHill Clean Energy ETF (PBW), and the pending AirShares EU Carbon Allowances Fund. Key factors in the demand for carbon credits include overall power demand and the relationship between natural gas and coal prices since burning gas results in the release of less than half of the greenhouse emissions versus coal.
Currently, the simplest way for power utilities to reduce greenhouse emissions is to convert from coal to gas. Since natural gas prices have declined in sympathy with oil while coal prices have remained at high levels, power companies in Europe have shifted to burning a larger percentage of gas to generate power -- resulting in less greenhouse emissions and thus less demand for carbon credits. The MikeHav Global Carbon Trading Index is equally-weighted and includes 14 companies which are involved in carbon credit generation and trading activities. I will track the index on my blog in the area underneath the last post and will add new public-traded companies which enter the business of carbon credit trading. Currently, the only US-listed component of the index is EcoloCap Solutions (OTCBB: ECOS).
Currently, the simplest way for power utilities to reduce greenhouse emissions is to convert from coal to gas. Since natural gas prices have declined in sympathy with oil while coal prices have remained at high levels, power companies in Europe have shifted to burning a larger percentage of gas to generate power -- resulting in less greenhouse emissions and thus less demand for carbon credits. The MikeHav Global Carbon Trading Index is equally-weighted and includes 14 companies which are involved in carbon credit generation and trading activities. I will track the index on my blog in the area underneath the last post and will add new public-traded companies which enter the business of carbon credit trading. Currently, the only US-listed component of the index is EcoloCap Solutions (OTCBB: ECOS).
Camco (London: CAO)
Carbon Conscious (Australia: CCF)
Carbon Conscious (Australia: CCF)
Climate Exchange (London: CLE)
CO2 Group (Australia: COZ)
EcoloCap Solutions (OTCBB: ECOS)
Econergy (London: ECG)
EcoSecurities Group (London: ECO)
ERA Carbon Offsets (Toronto: ESR)
ERA Carbon Offsets (Toronto: ESR)
Green Invest (Australia: GNV)
Greenko Group (London: GKO)
Leaf Clean Energy (London: LEAF)
Leaf Clean Energy (London: LEAF)
Low Carbon Accelerator (London: LCA)
Precious Woods (Switzerland: PRWN)
Precious Woods (Switzerland: PRWN)
Trading Emissions (London: TRE)
$19.9 (08/17/08)
