ALSO SEE:www.ubs.com/greenhouse
UBS to launch “climate change derivatives†index
By Paul J Davies
Financial Times of London
The first derivatives index designed to track the greenhouse effect is set to be launched in coming days by UBS, allowing investors to bet on the combined impact of carbon emissions and rising global temperatures.
The index follows on from the Swiss bank’s launch of the first global warming index last year and adds to a growing number of products from banks aimed at encouraging a broader range of investors to bet on the effects of climate change.
Both retail and institutional investors will be able to buy exposure to, or short sell, the UBS Greenhouse Index in much the same way they would the FTSE or Dow Jones stock market indices.
The level of the index will rise as the price of carbon emissions credits and global temperatures rise. Continue reading
“erase carbon footprints†by offsetting carbon emissions. Their promotional materials say, “Global Warming: Solved!†–offering a quick fix to the largest challenge of our times. While they are primarily concerned with “restoring†plankton in the oceans, they have a subsidiary that plants trees in the European Union. The carbon dioxide taken up by the plankton is sold as carbon credits to consumers, businesses and governments. Ocean fertilization is a quickly emerging threat to the oceans and better ways of dealing with climate change; the estimated future value of the market for ocean fertilization is $100 billion. Planktos is likely to make huge profits from the Kyoto Protocol, the market for carbon offsets, the huge carbon footprints of Western consumers, and industrial greenhouse gas emissions. Meanwhile, the world’s oceans and climate are paying the price, with widespread scientific uncertainty as to how they will be affected by iron fertilization. 
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