The NYSE is considering the creation of "natural asset companies" to encourage investment in environmental protection, sparking debate over the monetization of nature and potential implications for public land and foreign investment.
The New York Stock Exchange has withdrawn from the Securities and Exchange Commission a proposal to create a new tradeable asset class called natural asset companies, or NACs, the commission said.
The asset class was to be based on sustainable enterprises that hold the rights to ecosystem services, such as carbon sequestration, produced by natural, working, or hybrid lands. The NYSE, which is owned by Intercontinental Exchange Inc, in 2023 had proposed to the SEC a rule change to adopt the new listing standard.
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