Beam me to Planet Gore !
Posted on 12/16/2008 12:35:02 PM PST by shove_it
The accompanying table (click to enlarge) includes 19 companies in the ETF Innovators () Global Carbon Trading Index along with the prices of seven benchmark commodities and funds. Most of the pure plays on carbon credits are very small, with 12 of the 19 companies having market caps below $100M.
As I wrote yesterday, Climate Exchange (Other OTC: CXCHF.PK - News) represents the most established company poised to benefit from the global expansion of the exchange-based trading of carbon credits, with a market cap of $620M. With the launch of AirShares Carbon Fund (NYSEArca: ASO - News) yesterday, investors have another option to trade the price of carbon.
[...]
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...
(Excerpt) Read more at biz.yahoo.com ...
AKA: The Idiocy Index....
Yeah, since that last ponzi scheme blew up on you!
CDS, derivatives? Sound familiar?
I bid 500 Quatloos!
Credits and “bars of latinum” seem to ring a bell.
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