A green stock exchange for London?
Britain’s opposition Conservative Party is planning a “green stock exchange” similar to the existing AIM Exchange for small companies, according to the FT.
“George Osborne, shadow chancellor, will suggest tax breaks and a light touch regulatory regime to encourage companies to list on his proposed “Green Environmental Market”.
Mr Osborne wants the market to run alongside Aim - which has attracted about 50 environmental technology companies - and says Clara Furse, chief executive of the London Stock Exchange, is providing expert support.
The Conservatives see the initiative as a way of using market forces to help Britain meet its commitment to increase the use of renewable energy to 15 per cent of total consumption by 2020 and to generate finance to fund British companies.”
David Kam said:
We are setting up North America’s first social stock exchange connected to a green social network, called the Green Stock Exchange (GREENSX) at: http://greensx.com, which will be launched in the Summer of 2008 to begin trading. It will trade shares in social businesses. A social business is a business that makes a profit, but benefits society as well. We have a triple bottom line (economic + social + environmental).
Since all the listed companies on the exchange are pre-screened, evaluated, and audited according to social and sustainable guidelines set by the exchange, it will make it much easier for green investors to find and support social businesses. The GREENSX provides opportunities for small green Issuers to access public equity capital efficiently, while providing early stage investors, angel investors, and venture capitalists with greater liquidity.
This includes a eBAY.com trading system for carbon credits.
We have not made any press releases yet, so nobody knows about it yet. It is still in the beta stage testing. Check it out at: http://greensx.com.