Carbon Credits ETN Begins Trading

Barclays iPath launched the first carbon credits ETN today.

The iPath Global Carbon ETN (GRN) tracks the Barclays Capital Global Carbon Index Total Return.  The index tracks the performance of the most liquid carbon credits associated with the world’s major greenhouse gas emissions trading plans.

Currently, the index includes two plans – the European Unon Emissions Trading Scheme and the Kyoto Protocol’s Clean Development Mechanism.