Merrill Lynch Global Research launched a global carbon index today to track international carbon markets worth roughly $60 billion last year.
Merrill Lynch said the MLCX Global CO2 index (MLCXCO2E) gives investors the opportunity to participate in carbon markets like the European Union’s emissions trading scheme and emissions trading markets established under the Kyoto Protocol.
In addition, the European Union Allowance (EUA) and Certified Emissions Reduction (CER) markets can also be accessed individually through the MLCX EUA Index (MLCXEUAE) and the MLCX CER Index (MLCXCERE), respectively.
Merrill Lynch said it plans to increase the number of underlying instruments in the index, as the global emissions market expands.
Francisco Blanch, Merrill Lynch head of global commodities research, said: "The weightings of the new MLCX Global CO2 Emissions Index are based on liquidity of the underlying instruments, a crucially important element for investors looking to gain exposure to a new and fast-growing market."
Abyd Karmali, managing director and global head of carbon emissions markets, Merrill Lynch said the MLCX Global Carbon emissions indices "come in response to strong demand from our institutional, asset management, and wealth management clients who seek exposure to the rapidly growing global carbon market."
About Merrill Lynch
Merrill Lynch is one of the world’s leading wealth management, capital markets and advisory companies, with offices in 40 countries and territories and total client assets of almost $2 trillion.
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