DrKW launches retail carbon product

Retail investors can now buy a CO2 participation certificate that tracks the market value of EU CO2 emission allowances. The certificates mature on December 1, 2005. The settlement price is the auction price determined at the spot trading of an EU Allowance Spot Certificate on the European Energy Exchange that day.

“This innovative product now enables German private investors to participate in the market for environmental certificates so as to share in the enormous potential these markets of

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