A BRIEF SURVEY OF ENVIRONMENTAL ASSET CLASSES
Richard Sandor,
Murali Kanakasabai,
Rafael Marques and
Nathan Clark
Chapter 1 in Sustainable Investing and Environmental Markets:Opportunities in a New Asset Class, 2014, pp 1-14 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
Environmental asset classes are not a hope for tomorrow but a reality today. This new asset category promises to grow dramatically as the world focuses on sustainable development. Examples of environmental assets are rights to emit local and regional pollutants, such as sulfur dioxide and nitrogen oxide; rights to emit global pollutants, such as carbon dioxide; renewable energy credits; water quality and quantity rights; and indices of sustainable corporate equities. This new asset class is the manifestation in securities markets of an emerging field of endeavor called “environmental finance.” Environmental finance is the art and science of using economic incentives, financial tools, and market mechanisms to achieve desired environmental outcomes…
Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain; Clean Energy Markets (search for similar items in EconPapers)
Date: 2014
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