SparkChange Physical Carbon EUA ETC
CO2U.L
London Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 5 Howick Place London United Kingdom SW1P 1WG
- IPO Date
- Oct 18, 2021
- Website
- hanetf.com
- Similar Companies
- Business
- SparkChange Physical Carbon EUA ETC (ticker: CO2U.L) is an exchange-traded commodity (ETC) that provides investors with physically backed exposure to European Union Allowances (EUAs) under the EU Emissions Trading Scheme (EU ETS); it holds physical EUAs in a bankruptcy-remote special purpose vehicle structure, ensuring direct environmental impact by preventing polluters from accessing those allowances while tracking EUA spot prices without futures contango drag; the product is offered in USD, GBP, and EUR share classes listed on the London Stock Exchange, among other venues including Milan, Frankfurt, and Mexico. Issued by HANetf ETC Securities plc, with backing from Jersey-domiciled SparkChange Jersey Issuer Ltd, the ETC replicates the performance of physical EUAs through a collateralized debt instrument that accumulates value net of a 0.89% total expense ratio; it targets institutional and retail investors seeking carbon market access, decarbonization impact, and potential returns from tightening EUA supply caps; operations span Europe with global exchange listings, domiciled in Ireland and managed from the United Kingdom. Launched in October 2021 as the world's first physically backed carbon EUA ETC through a partnership between SparkChange (founded 2018, headquartered in London) and white-label provider HANetf, the product has grown to approximately EUR 124 million in assets under management; in 2025, Apex Group was appointed as administrator for the backing issuer, enhancing operational services amid expanding carbon pricing regulations.