UBS to launch Greenhouse Index

Weather exposure is derived from Heating Degree Day (HHD) monthly futures contracts from October to April and Cooling Degree Day (CDD) monthly futures contracts from May to September, both of which are traded on the Chicago Mercantile Exchange.

Emissions exposure is provided by carbon credits associated with the EU Emission Traded Scheme and the Kyoto Clean Development Mechanism, traded on the European Climate Exchange and Nord Pool respectively. The weighting and composition of the UBS-GHI a