If companies emit CO2 emissions, they need emission rights to do so.
(Photo: IMAGO/Rupert Oberhäuser)
Dusseldorf Achieve returns and protect the climate: This is what the British fintech Sparkchange promises to investors who invest in its ETC fund for emission rights. The start-up claims that up to 1.4 tons of CO2 would be saved per share purchased in the “Sparkchange Physical Carbon EUA ETC” fund. Economist Grischa Perino says: “I think that’s excessive.” He advised the EU Commission on reforms of the CO2 trading system.
Two years ago, the fintech launched its only Exchange Traded Commodity (ETC) to date. The fund has also been traded on the Frankfurt trading floor since June 2022. Investors can invest in commodities through ETCs, and in CO2 emission allowances with Sparkchange. The fund replicates the price of the certificates by buying the rights.
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