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Merrill Lynch launches new energy efficiency index

Merrill Lynch expands its line of "green" indexes with a new product that tracks the growing movement to reduce energy costs and CO2 emissions. The Merrill Lynch Energy Efficiency Index (EEI) was recently launched with a universe of 40 global companies found in four sectors that should benefit from improved energy efficiency. Analysts at Merrill Lynch project that the global manufacturing industry could improve its energy efficiency by 18% to 26% over all and reduce the sector's CO2 emissions by 19% to 32%. Read more here. (Source: SocialFunds)

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14 August 2007