Invesco has launched a global clean energy product listed on the London Stock Exchange.

Available to European investors, the Invesco Global Clean Energy UCITS ETF will track the WilderHill New Energy Global Innovation Index which consists of global companies whose innovative technologies focus on the generation and use of cleaner energy, energy conservation, efficiency and the advancement of renewable energy.

Gary Buxton, head of EMEA ETFs and indexed strategies at Invesco, commented: “The biggest and arguably most urgent challenge facing the world is how to avoid climate catastrophe. The solution hinges on our transition to cleaner sources of energy, which is a diverse and rapidly evolving space. That is why we are so excited about offering investors access to the expertise of WilderHill. This California-based firm has been an industry leader since 2004 and constructed the first clean energy indices.”

He added the ETF will be exposed to companies focused in wind, solar, biofuels, hydro and other renewable energy sources as well as those involved in energy conversion, storage, conservation and efficiency. The ETF will also avoid companies with exposure to fossil fuels.

The ETF carries an ongoing charges figure of 0.60%.