SparkChange Physical Carbon EUA ETC (CO2.L) LSE
Currency In EUR
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Currency In EUR
Address
5 Howick Place
London, SW1P 1WG
United Kingdom of Great Britain and Northern Ireland (the)
Phone
44-20-3773-0320
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
October 18, 2021
The SparkChange Physical Carbon EUA ETC (CO2) enables investors to gain direct exposure to physical European Union Allowances (EUAs). Each individual EUA unit grants the holder permission to release one metric tonne of carbon dioxide into the atmosphere. Investing in CO2 effectively takes these carbon permits out of circulation, thereby preventing polluters from using them and consequently reducing emissions. As demand from both industries that generate pollution and investors seeking exposure to carbon markets intensifies for a limited supply of EUAs, their price is likely to escalate. This rising cost can eventually render continued reliance on high-emission fossil fuels economically unviable for polluters. A significant benefit of this ETC is its avoidance of the performance drag typically associated with financial products based on EUA futures. The carbon EUA ETC is completely backed by physical EUAs and its value directly tracks their market price, prior to any fees.