BetaShares to launch Climate Change Innovation ETF (ERTH)
SYDNEY, 18 February 2021: Leading Australian ETF manager, BetaShares, has announced it expects to shortly launch the BetaShares Climate Change Innovation ETF (ERTH), to provide investors with exposure to global companies at the forefront of tackling today’s climate and environmental challenges.
Climate change has been called the ‘defining challenge of our age’. In addition to global warming, the world must deal with ever-rising levels of air and water pollution, excess waste, poor sanitation and hazardous chemicals.
Given the magnitude of the challenge, the size of the response and the amount of capital needed to be spent on it is correspondingly large. It is estimated that the additional investment required to achieve a global zero carbon-emissions economy by 2050 will be US$1-2 trillion p.a. As a result, the demand for products and services to deal with the climate and environmental threats is anticipated to grow strongly in the decades ahead.
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