Carbon Fund Advisors Inc has launched the Carbon Strategy ETF (KARB) on the NYSE to provide investors with exposure to carbon markets.
KARB ETF is an actively managed thematic ETF that will invest in carbon credit futures contracts whose value is expected to increase over time.
It will enable investors to enter the global carbon markets. The global compliance carbon market is reportedly to have grown from €186 billion ($220 billion) in 2018 to €760 billion ($899 billion) in 2021.
The carbon credit futures contracts are commodity future contracts linked to the value of emission allowances, which are usually issued by governments to allow businesses and industries to emit a specified amount of greenhouse gases.
