WisdomTree has launched Europe’s first California carbon allowance exchange-traded product (ETP) listed on the London Stock Exchange, the Borsa Italiana, and will be listed on the Deutsche Boerse on April 20. The WisdomTree California Carbon ETP (WCCA) has a total expense ratio (TER) of 0.49% and will track the ICE California Carbon Allowance Futures via the Solactive California Carbon Rolling Futures TR index. The California Capture and Trade programm is a significant part of the state’s plan to decrease its greenhouse gas emissions by 85% below 1990 levels by 2045. The revenues received through California Carbon Allowances (CCAs) fund a range of climate change and mitigating initiatives.
ETF Newz Says:
WCCA expands its carbon ETP range to two, sitting alongside the WisdomTree Carbon ETP (CARB) with $287m assets under management (AUM).