Alternative Investments/ESG: Down Under, Betashares Launches A Climate Change Innovation ETF
ERTH investors will get exposure to the top global companies combating climate change.
BetaShares, the Australian asset manager, has launched the BetaShares Climate Change Innovation ETF (ERTH). Many global companies will reap the benefits from the massive transition to a sustainable planet, given that climate change is the defining challenge of this age. (ETF Express)
BetaShares Climate Change Innovation ETF (ERTH)
The Eurasia Group (a world leader in political risk analysis), published their report on the Top Risks of 2021 on January 4. It said the push for net-zero emissions has the potential to create enormous opportunities for private capital, especially within the growing pool of environmental, social, and governance-focused investments.
Moreover, the investment required for a global zero carbon-emissions economy by 2050 will be about US$ 1-2 trillion p.a.
This will create a huge demand for products and services related to climate and environmental threats.
The ERTH ETF will focus on companies in the sectors of renewable and clean energy, green transportation, water and waste improvements, decarbonization-enabling solutions, and sustainable products. It will avoid investing in companies that deal in fossil fuels and other negative business activities.
BetaShares CEO, Alex Vynokur, said: “The scale of the challenge the world faces means that innovation is called for in a range of climate- and environmentally-friendly activities. A focus on renewable energy is essential. However, the deep cuts to carbon emissions that will be required to limit global warming cannot be achieved by clean energy alone. That’s why ERTH will provide broader exposure to a comprehensive list of climate change solutions. This will include not only clean energy but electric vehicles, energy efficiency technologies, sustainable food, water efficiency, and pollution control. In short, a broad range of solutions that directly enable the reduction or avoidance of carbon emissions. This is the essential objective if the world is to effectively address climate change.”
ERTH will trade soon on the Australian Securities Exchange (ASX), subject to regulatory approval.
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