My Global Carbon Trading Index is designed to track public companies involved in the nascent industry of carbon credit generation and trading activities. Because this is an evolving industry, I expect to add new stocks to the index in the future to accurately track the performance of pure-play carbon credit companies -- just as the iPath Global Carbon ETN (GRN) specifies on its website that it will incorporate new financial derivatives for carbon prices as they become established as industry standards.
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 15 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, there are just two US-listed components in the index, including EcoloCap Solutions (OTCBB: ECOS) and Global Green Solutions (OTCBB: GGRN).
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 15 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, there are just two US-listed components in the index, including EcoloCap Solutions (OTCBB: ECOS) and Global Green Solutions (OTCBB: GGRN).
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)
Global Green Solutions (OTCBB: GGRN)
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)
$0.27 (08/18/08)
