UBS launches first tradable index tracking greenhouse effect

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UBS Investment Bank has launched the UBS Greenhouse Index (UBS-GHI), the first integrated index to blend the weather and emissions asset classes. The index offers investors exposure to greenhouse gas emissions and their consequent impact on the weather, known as the greenhouse effect.

"There is a clear link between the rise in carbon levels and the rise in temperature, as scientists have been demonstrating for many years," says Ilija Murisic, executive director of hybrid derivatives trading at UB

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