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Carbon ETN soars ahead of EU backloading plan

Posted on 12 February 2014

The carbon prices have plunged over the past couple of years, but the carbon-related exchange traded note is making a swift rebound ahead of the European Commission’s plan to cut the supply of permits.
The iPath Global Carbon ETN jumped 46.5% year-to-date and gained 54.1% over the past year. GRN tracks the the Barclays Capital Global Carbon Index, which follows the performance of the most liquid carbon related credit plans, including both the European Union Emission Trading Scheme and the Kyoto Protocol’s Clean Development Mechanism………………………………………..Full Article: Source


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