The booming market for carbon credits could go mainstream under a plan to make it easier for financial firms to create products such as exchange-traded funds
State Street will offer back-office services needed for carbon-credit exchange-traded fundsMoney is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay.
Illustration: Preston Jessee/WSJcould go mainstream under a plan to make it easier for financial firms to create products such as exchange-traded funds.will begin providing its back-office services to clients that want to invest in carbon credits. The giant custody bank and fund administrator says the move will make it easier for big investors to trade the products, a key step toward making them a mainstream investment accessible to individuals.
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