Global emissions index series launched

Dow Jones Indexes and the Chicago Climate Exchange, the world’s first — and North America’s only — voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system, today announced the launch of two indexes which will serve as benchmarks for investors seeking exposure to the carbon trading market. The Dow Jones/CCX European Carbon Index and Dow Jones/CCX Certified Emissions Reductions Index will be representative of the European Union Emission Trading Scheme and the Kyoto Protocol Clean Development Mechanism, respectively. The two indexes are the first in a series of global emissions indexes planned. The carbon futures trading market has been growing in Europe. The indexes provide investors with price gauges to assess their exposure to this growing asset class, Michael Petronella, president of Dow Jones Indexes, said in a statement. Dow Jones Indexes is an index provider and division of Dow Jones & Co. of New York. CCX is owned by Climate Exchange PLC of London.