Turn Smog Into Moneyhttp://www.fool.com/investing/etf/2008/07/09/turn-smog-into-money.aspx Zoe Van Schyndel, CFA
July 9, 2008
On a hot and hazy summer day, it's hard to see a silver lining in global pollution. But a new exchange-traded investment, the iPath Global Carbon ETN (NYSE: GRN ) , is designed to let investors benefit from the fumes of the modern world. The global carbon emissions market is experiencing explosive growth, and the Carbon ETN is the first fund to provide investors a direct way to access this market. If you are looking for a way to profit from global warming, the Carbon ETN is one of the newest ways to profit from regulations limiting carbon emissions.
U.S.-based companies with some of the highest CO2 emissions include PG&E (NYSE: PCG ) , International Paper (NYSE: