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GRN Analysis & Videos »
GRN: Bull or Bear?
Carbon Trading Index and Funds Crater
GRN
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-37.30%
in
282 days
<> <> <> <> <>  The ETF Innovators Global Carbon Trading Index tracks the performance of 20 companies (summarized in accompanying table) from a starting value of 21,687 on 1/19/09 which are involved in a variety of green business activities, including the following: financial exchanges for carbon credits, renewable energy projects resulting in the generation of carbon credits, greenhouse gas capture, waste-to<><><><><><><><><>< />< /><><><><><><><>< />...
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Green Investors Hopeful on Eve of Inauguration
GRN
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+21.31%
in
38 days
(closed on 02/26/09)
Green Investors Hopeful on Eve of Inauguration The table at my website link below includes statistics and a short description of the 20 companies included in the ETF Innovators Global Carbon Trading Index along with benchmark energy commodities and exchange-traded products. The 20 companies in the Carbon Trading Index posted a gain of 5.6% over the past month, despite declines in the overall market, the global price of carbon, and major energy commodities. <> With the launch of Ai...
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Carbon Trading Index Rebounds in December
GRN
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+19.31%
in
18 days
(closed on 01/19/09)
<> 
The accompanying table [click to enlarge] includes 19 companies in the ETF Innovators [ETFI] Global Carbon Trading Index along with the prices of seven benchmark commodities and funds. The Carbon Trading Index rallied over the past month along with the overall market, although the gains were less than the overall market and the index has declined by more than 50% in the past six months.
With the launch of AirShares Carbon Fund (ASO) in mid-December, investors have another option to trade the price of carbon ...
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Green Investing: Make a Statement or Make Money?
GRN
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+0.00%
in
10 days
(closed on 01/01/09)
<> 
<>
Index Universe reported last week that Pax World filed with the SEC to launch three socially responsible investing [SRI] exchange-traded funds:
sShares KLD North America Sustainability Index ETF
sShares KLD Europe Asia Pacific Sustainability Index ETF
sShares FTSE Environmental Technologies Index ETF
These three would compete with two existing SRI-based ETFs, including iShares KLD Select Social Index (KLD) and iShares KLD 400 Social Index Fund (DSI). DSI is down 3...
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AirShares (ASO) Begins Trading 12/15/08
GRN
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+3.18%
in
4 days
(closed on 12/19/08)
<> 
The AirShares (ASO) Carbon Fund [web link to product home page] is set to begin trading on Monday 12/15/08 for XShares. The AirShares website contains details on the fund's structure and holdings, as well as information on climate change and carbon investing – including a multimedia resource center which is a compilation of videos, white papers and news articles designed to be a leading online reference for carbon investing information.
The closest existing product is the <> iPath Global Ca...
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A Grim Diagnosis for HealthShares ETFs
GRN
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+0.37%
in
19 days
(closed on 12/15/08)
<> 
In an abrupt departure from just over one month ago, XShares announced today that it will liquidate the four remaining HealthShares exchange-traded funds [ETFs] with a last day of trading on December 23 and dissolve the associated health fund management company by year-end. In late August, XShares announced that it would shutter 15 of the 19 HealthShares ETFs while lowering the expense ratios for the four remaining funds while making other changes such as increasing the number of holdings in each fund in an effort to ...
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Carbon ETN: Solid Returns, Few Investors
GRN
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-30.18%
in
42 days
(closed on 11/26/08)
<> 
Despite attracting little in the way of investor interest in terms of trading volume and net assets, the iPath Global Carbon ETN (GRN) has outpaced the S&P 500 Index, U.S. Oil Fund (USO), U.S. Natural Gas Fund (UNG), and Central Appalachian Coal Futures (QL) (down 28.5%) over the past three months. Since diverging from oil and natural gas in late July, the global price of carbon is still trading above its low point at that time despite a global unwind of leverage which has hit commodities especially hard.
Investo...
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Carbon ETN Outpaces Oil & Natural Gas Funds
GRN
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+3.51%
in
10 days
(closed on 10/15/08)
<> During recent market turmoil and a meltdown in commodities, the Global Carbon ETN (GRN) (-10%) has held up much better than oil (USO) (-35%) and natural gas (UNG) (-45%) and about the same as the overall market S&P 500 ETF (SPY), with the approximate three month returns listed after each ticker.
Key factors in the demand for carbon credits include overall power demand and the relationship between natural gas and coal prices since burning gas results in the release of less than half of the greenhouse emissions versus coal. C...
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Climate Exchange Rebounds on Robust Results
GRN
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-11.74%
in
15 days
(closed on 10/05/08)
<> 
<> Late last week, Climate Exchange (London: CLE) posted strong operating results , stemming a massive loss in market value of about 50% (from about 2,000 to 1,000 pence per share) in the wake of the financial crisis and near market meltdown. The stock has since settled at the 1,300 level as carbon trading growth in the Company's two climate exchanges (European – ECX + Chicago – CCX) demonstrated health growth during the first half of 2008. The ECX posted gains from the year-ago period of 150% on over 1 billion tons wh< />< /><>< />< /><><>< />< /><><>...
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Carbon Prices Withstand Commodity Downturn
GRN
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-42.75%
in
449 days
<>  During recent market turmoil and a meltdown in commodities , the Global Carbon ETN (GRN) has held up better than oil (USO) and natural gas (UNG), but fared slightly worse than the overall market as illustrated in the accompanying three-month chart. Key factors in the demand for carbon credits include overall power demand and the relationship between natural gas and coal prices since burning gas results in the release of less than half of the greenhouse emissions versus coal. Currently, the simplest way for power utilities ...
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Camco Receives $22 Million in Sale of Carbon Credits
GRN
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-1.02%
in
22 days
(closed on 09/20/08)
<> 
<> Camco ( London: CAO ) announced a successful auction of 5.8 million [M] tons of carbon credit certificates yesterday, netting a better than expected $15M euros or $22M USD. The Company has gained over 11% in the last five trading days and over 46% in the last month, resulting in a market cap of about $185M USD. Another mover in the Global Carbon Trading Index this past week is Clean Energy Fuels (CLNE), which recently acquired Dallas Clean Energy, LLC, from Camco in a $19.1M cash deal. As part of the sal...
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Carbon ETN Holds Steady as Oil Drifts Lower
GRN
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+3.66%
in
4 days
(closed on 08/29/08)
<> 
<> The accompanying three month chart comparison illustrates that carbon prices, as tracked by iPath Global Carbon (GRN), have continued to diverge and outperform both oil (USO) and natural gas (UNG) as reported in my original article two weeks ago. In addition, the Central Appalachian Coal Futures near-month contract ( NYMEX: QL ) is up 11.8% over the last three months. Key factors in the demand for carbon credits include overall power demand and the relationship between natural gas and coal prices since burning ga...
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Addition of CNX Gas to Global Carbon Trading Index
GRN
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+0.40%
in
8 hours
(closed on 08/25/08)
As featured in my CNX Gas (CXG) story is the Company’s capture of coalbed methane gas, which is eligible for carbon credits on the Chicago Climate Exchange. CNX Gas is the second-largest play on methane gas capture in the US behind Waste Management (WMI). As the only oil and gas company registered as an offset provider with the Chicago Climate Exchange, CNX Gas has already registered 8.4 million tons of carbon credits and expects future capacity to generate 2 – 3 million tons annually. As I have recently featured , these credits have commenced trading with a most rec...
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Carbon Allowance Futures Commence US Trading
GRN
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-0.94%
in
4 days
(closed on 08/25/08)
<> 
The exchange-based trading of carbon allowances in the US is underway over four months ahead of the official start of the Regional Greenhouse Gas Initiative [RGGI], which covers 10 states in the Northeast and Mid-Atlantic that have pledged to reduce 2010 greenhouse gas emissions to 10% below their 1990 levels. The RGGI states have put in place a regional cap-and-trade system to regulate CO2 emissions from power plants and the program is slated to officially begin on January 1, 2009. The <> Chicago Climate Futures Exc...
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