Earlier this week, and the kicked-off their series of global emissions indexes with - the Dow Jones/CCX European Carbon Index for the European Union Emissions Trading Scheme and the Dow Jones/CCX Certified Emissions Reductions (CER) Index for the Kyoto Protocol .
Under Emissions trading or the cap-and-trade system, industries need to meet the emission targets set by the government/regulatory body. In case the cap is exceeded, companies need to purchase permits from those who were able to keep their emissions below the set level.
The EU ETS is the global leader in emissions trading and the Clean Development Mechanism was established under the Kyoto Protocol to allow developed countries meet their emission reduction goals through affordable green investments in developing nations.
The President of Dow Jones Indexes, :
“The Dow Jones/CCX EUA and CER Indexes provide market participants with price gauges to assess their exposure to this growing asset class. We hope to expand our offerings for emissions-themed benchmarks in the future”
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