NYSE says to co-launch new, environmentally sustainable asset class
The New York Stock Exchange said on Tuesday it was co-developing a new tradeable asset class based on sustainable enterprises that hold the rights to ecosystem services, such as carbon sequestration, produced by natural, working, or hybrid lands.
The NYSE, which is owned by Intercontinental Exchange Inc (ICE.N), said "natural asset companies" (NACs) will be listed and traded on its exchange, "creating a new market whose assets generate trillions of dollars in ecosystem services annually."