WisdomTree has listed an ETF on European exchanges investing in companies involved in in waste-to-energy and recycling technologies.
The WisdomTree Recycling Decarbonisation UCITS ETF seeks to track the price and yield performance of the Tortoise Recycling Decarbonization UCITS Index.
The firm explained waste-to-energy is the process of generating energy from waste such as garbage, animal manure, agriculture products and/or animal fats. This, in turn, generates renewable natural gas and diesel used to generate electricity and/or as a transportation fuel for compressed natural gas cars (RNG) and/or diesel (RND) to fuel trucks.
Christopher Gannatti, global head of research at WisdomTree, commented: “Moving to renewable and sustainable sources of energy is fundamental to our ability to limit greenhouse gas emissions and keep global warming below 2 degrees Celsius above pre-industrial levels. Current methods of decarbonisation require further investment to make the desired impact but innovative solutions like waste-to-energy and carbon recycling represent new investable themes that can make a difference today.”
The Article 9 ETF has been listed on the London Stock Exchange, Börse Xetra and Borsa Italiana and has a total expense ratio of 0.45%.