UBS Asset Management (UBS AM) has launched the new UBS European Physical Carbon ETC
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By ETFWorld.co.uk
Clemens Reuter, Global Head of ETF & Index Fund Client Coverage UBS AM
The UBS European Physical Carbon ETC gives investors the opportunity to participate in the performance of the spot price for EU CO2 emission certificates. The reference market for the spot price is the European Energy Exchange (EEX). The ETC is physically collateralised by emission certificates.
Emissions trading is a market-based instrument of environmental policy to combat environmental pollution. Companies that emit carbon dioxide (CO2) must hold so-called emission rights in the form of certificates, which in this case are issued by the EU. One certificate certifies the emission of one tonne of carbon dioxide. If a company wants to emit more carbon dioxide than it has certificates for, it can buy emission rights from other companies. The number of emission allowances issued by the EU is limited.
| Product Name | UBS European Physical Carbon ETC |
| ISIN | XS2651539681 |
| SEDOL | BRJQFW4 |
| Issuer | UBS AM |
| Currency | GBX |
| Benchmark | EEX EUA Spot Total Return |
| TER | 0.75% |
Source: ETFWorld
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