Global X bolstered its lineup of exchange-traded funds on Thursday with the addition of the Global X Carbon Credits Strategy ETF ( NYSEARCA: NTRL ). NTRL's objective is to provide investors with access to carbon futures in various geographic regions to limit emissions in line with the 2015 Paris Agreement. NTRL takes long positions in futures contracts that involve the physical delivery of emission allowances issued under cap and trade regimes. Global X highlighted that global expectations of tighter emission limits have led to demand for carbon quotas around the world. The ETF issuer noted that between 2018 and 2022, the total value of regulated carbon markets more than quadrupled, from $186 billion to $856 billion. "Pressure to meet emissions reduction commitments under the Paris Agreement is intensifying and regulators around the world are seeking to tighten emission caps, potentially increasing the scarcity and price of carbon allowances," said Pedro Palandrani, director of research at Global X ETF. Additionally, NTRL comes with a 0.39% expense ratio. NTRL will also find itself trading alongside other ETFs focused on carbon credits, such as the KraneShares Global Carbon Strategy ETF ( FIREPLACE ), KraneShares California Carbon Allowance Strategy ETF ( KCCA ) and KraneShares Global Carbon Offset Strategy ETF ( KSET ).