Clima Claims World First With Decarbonization Investment Fund

ETF will provide exposure to companies whose products and services enable CO2 avoidance

Climate fintech group Clima has announced the launch of its iClima exchange-traded fund, which it claims is the first such fund to provide exposure solely to companies whose products and services enable CO2 avoidance.

The iClima Global Decarbonisation Enablers UCITS ETF launched on the London Stock Exchange this week. US dollar and sterling versions are available under tickers CLMA and CLMP respectively, and the product will begin enter the German and Italian markets shortly.

The ETF tracks the group's iClima Global Decarbonisation Enablers Index, which currently lists 151 companies including fuel cell manufacturers, renewable energy suppliers, electric car makers and others.

Gabriela Herculano, CEO of iClima Earth, said that companies on the index can potentially help the world avoid more than 0.6 gigatonnes of C02 in 2021.

Read more about the iClima ETF here.