Barclays taps into demand for global carbon market

[PhilipShore]

Reuters
February 19, 2007
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&Date=20070219&ID=6501852

Barclays Capital is to launch what it says is the first global investment tool to tap investors' growing appetite for exposure to trading in greenhouse gases.

Barclays' new tracker, set to launch soon, also illustrates the growing diversity and sophistication of commodity and energy investment products.

Torsten de Santos, head of commodity investor solutions at Barclays Capital, said the tracker was the first of its kind on a global scale.

"We are the largest emissions trading house and we believe we have the expertise to launch a product early," he told journalists at a news briefing on Monday.