"Well, if you think so Pa."
Investors will be able to access the rapidly growing carbon futures market later this week with the launch of the world’s first carbon exchange traded commodity (ETC) on the London Stock Exchange.
The ETF Securities Carbon ETC is designed to track the price of carbon emissions allowance futures and offer investors a total return – the return an investor can earn by holding a long only, fully collateralised position in commodity futures.
Each ETFS Carbon is initially equivalent to one emissions allowance, which bestows upon the holder the right to emit one tonne of CO2 or the equivalent. It will trade on the LSE in both Euros and British pence, and each will begin trading at about €18.37 (£14.74), ETFS said....MORE
- European first for listed access to carbon emissions
- Simple and direct exposure on the London Stock Exchange
- ETC to track the world's most liquid carbon emissions futures contract
- European carbon emissions trading expands by 80% in 1H08 to EUR 30 billion
ETF Securities Limited (ETFS), the global pioneer in Exchange Traded Commodities (ETCs), will list the world's first Carbon ETC on the London Stock Exchange (LSE) in the dedicated ETC segment. ETFS Carbon offers investors, for the first time ever in Europe, the opportunity to gain simple and direct exposure to the carbon emissions allowance futures market. It is expected that the first day of trading will be Thursday 30th October.
ETFS Carbon (LSE Code: CARB) is designed to track the price of carbon emissions allowance futures and offers investors a total return*. CARB tracks the ICE ECX EUA Futures Contract traded in London on the ICE Futures Market - currently the most liquid exchange traded contract within the EU Emissions Trading Scheme ("EU ETS"). Each ETFS Carbon is initially equivalent to one emissions allowance; the holder of an emissions allowance owns the right to emit one tonne of carbon dioxide equivalent gas. On the LSE, ETFS Carbon will trade in both Euros (CARB) and also in British pence (CARP) on the London Stock Exchange. Each ETFS Carbon will begin trading at approximately EUR 18.37 (£14.74)...MORE