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SmartMoney Home: Stocks: Tradecraft:

Carbon-Credit Trading Is Ultimate Rigged Game

Tradecraft

Carbon-Credit Trading Is Ultimate Rigged Game

By Jonathan Hoenig |Jonathan Hoenig Archive |Published: June 26, 2008
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WITH A WHOPPING 100 shares traded its first day, the iPath Global Carbon ETN (GRN) got off to a quiet but historic start on Wednesday. The exchange-traded note tracks the Barclays Capital Global Carbon Index, one benchmark of the quickly growing carbon credit market. With exchange-traded notes and funds on everything from platinum to pork bellies launched in recent months, this unequivocally takes the prize as the most obscure.

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