Merrill Lynch launches global emissions index
LONDON (Reuters) - The research arm of U.S. bank Merrill Lynch launched a global carbon index on Wednesday to track the international carbon markets, which were worth some $60 billion last year.
Merrill Lynch said its MLCX Global CO2 Emissions Index will allow investors to participate in the world’s carbon markets, including the European Union’s emissions trading scheme and emissions markets under the United Nations’ Kyoto Protocol.