January 7, 2008—Barclays Capital, the investment banking division of Barclays Bank PLC, recently announced the launch of the Barclays Capital Global Carbon Index (BGCI). The BGCI tracks the performance of carbon credits associated with the world’s major greenhouse gas emissions trading schemes.
According to Barclays, this is the first time that such an index has been made available to asset managers, private banks, and institutional investors looking for a comprehensive benchmark for the rapidly growing carbon emissions markets.
The BGCI will initially track the performance of carbon credits associated with the EU Emissions Trading Scheme (EU Allowances) and the Kyoto Clean Development Mechanism (Certified Emission Reductions). The Index will incorporate new programs as they develop around the world.
For more information visit Barclays Capital.
