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KGRN - KraneShares MSCI China Clean Technology Index ETF

KGRN - KraneShares MSCI China Clean Technology Index ETF

KGRN is benchmarked to the MSCI China IMI Environment 10/40 Index, which provides exposure to Chinese companies that focus on clean technology and contributing to a more environmentally sustainable economy. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

China’s Environmental Protection Highlights:

  • China is the world leader in total renewable energy capacity, contributing to roughly half of all installations in 2020. Additionally, China added nearly 117 GW of renewable power in 2020, introducing more capacity in one year than the entire world did in 2013 and almost doubling additions in 20191
  • China budgeted $360 billion for renewable energy investments from 2017 to 20202 and plans to have renewable energy account for 35% of its electricity consumption by 20303
  • Meeting these standards would create as much new renewable energy capacity as the entire US electricity system4, and China would represent half of the world’s green building floor space5
  • China has a proven track record of achieving ambitious long term renewable energy goals set forth within The Five Year Plan.
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