Finance
John Kerry Backs New Carbon-Price ETF in Climate Change Fight
- ‘We are leapfrogging to the stock exchange,’ ex-diplomat says
- Krane Funds, Climate Finance Partners debut product Thursday
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John Kerry is betting that Wall Street will succeed where governments failed in the fight against climate change.
The former U.S. secretary of state and one-time presidential candidate is throwing his weight behind the KFA Global Carbon ETF, an exchange-traded fund tracking the three most robust markets for carbon credits. Based on an index developed by IHS Markit Ltd. and Climate Finance Partners, the ETF begins trading Thursday under the symbol KRBN.