• RankiaPro Europe
    • RankiaPro Spain
    • RankiaPro LATAM
    • RankiaPro Italy
SUBSCRIBE
Search
Close
  • Home
  • Insights
    EQUITIES
    EQUITIES
    FIXED INCOME
    FIXED INCOME
    ESG
    ESG
    INTERVIEWS
    INTERVIEWS
    MARKET OUTLOOK
    MARKET OUTLOOK
    ETF
    ETF

    Featured

    Cover-BCE
    Insights

    The ECB slows the pace of Interest rate hikes: First reactions from fund managers

  • News
    APPOINTMENTS
    APPOINTMENTS
    LAUNCHES
    LAUNCHES
    ASSET MANAGERS
    ASSET MANAGERS

    FEATURED

    Cover-Anne-Scott-Aegon-RankiaPro
    Appointments

    Anne Scott appointed Aegon AM Global Climate Solutions Lead

  • Magazine
  • Events
    RANKIA FUNDS EXPERIENCE
    EVENTS & CONFERENCE CALLS
    EVENTS & CONFERENCE CALLS
    RANKIAPRO MEETINGS
    RANKIAPRO MEETINGS
  • Podcast
  • MiFIDII Training
Menu
  • Home
  • Insights
    EQUITIES
    EQUITIES
    FIXED INCOME
    FIXED INCOME
    ESG
    ESG
    INTERVIEWS
    INTERVIEWS
    MARKET OUTLOOK
    MARKET OUTLOOK
    ETF
    ETF

    Featured

    Cover-BCE
    Insights

    The ECB slows the pace of Interest rate hikes: First reactions from fund managers

  • News
    APPOINTMENTS
    APPOINTMENTS
    LAUNCHES
    LAUNCHES
    ASSET MANAGERS
    ASSET MANAGERS

    FEATURED

    Cover-Anne-Scott-Aegon-RankiaPro
    Appointments

    Anne Scott appointed Aegon AM Global Climate Solutions Lead

  • Magazine
  • Events
    RANKIA FUNDS EXPERIENCE
    EVENTS & CONFERENCE CALLS
    EVENTS & CONFERENCE CALLS
    RANKIAPRO MEETINGS
    RANKIAPRO MEETINGS
  • Podcast
  • MiFIDII Training
Search
Close
Search
Close

Home | WisdomTree Launches Europe’s First California Carbon Allowance ETP

WisdomTree Launches Europe’s First California Carbon Allowance ETP

WCCA complements the $287m WisdomTree Carbon (CARB), a fully collateralised ETP providing exposure to EU carbon allowances (EUA).
RankiaPro Europe

2023/04/25

WisdomTree, a global financial innovator, has launched Europe’s first exchange-traded product (ETP) that allows investors to gain exposure to the performance of California Carbon Allowances (CCA). The fully collateralized WisdomTree California Carbon ETP (WCCA), is listed today on the London Stock Exchange and Borsa Italiana with a management expense ratio of 0.49%.  WCCA will list on Börse Xetra on 20 April 2023.

WCCA seeks to reflect the movement in the price of ICE California Carbon Allowance Futures through the Solactive California Carbon Rolling Futures TR Index. WCCA complements the $287m WisdomTree Carbon (CARB), a fully collateralized ETP providing exposure to EU carbon allowances (EUA). 

California Carbon Allowances are issued by the California Air Resources Board as part of their Cap-and-Trade Emissions Trading System (ETS), a markets-based system aimed at mitigating climate change and reducing global greenhouse gas (GHG) emissions. The scheme is the first multi-sector Cap-and-Trade ETS in North America and seeks to help the State of California to achieve its target of reducing GHG emissions by 85% below 1990 levels by 2045. A recent shift in policy aims to reduce GHGs by 48% by 2030 from 1990s levels, which is markedly higher than the prior goal of 40% and highlights the need to sharpen policy tools.

“The California Cap-and-Trade Program is a key element within the State’s plan to reduce GHG emissions and represents one of the largest multi sector emissions trading systems globally, covering roughly 80% of Californian’s green-house gas emissions.  A portion of revenues obtained through CCA auctions are used to fund a range of environmentally friendly and climate change mitigating initiatives. California has laid out a path to cut emissions aggressively by 2045 and CCAs will play a larger role in the policy toolkit than ever before. The success of the European Union Allowances (EUA) ETS provides a great example of what happens when policy makers get serious about cutting emissions.”

Nitesh Shah, Head of Commodities and Macroeconomic Research, WisdomTree.

Since beginning in 2013, the California Cap-and-Trade ETS has expanded by linking with the province of Quebec to cover emissions from both jurisdictions. The CCA market has been one of the fastest growing and is the second most liquid carbon allowance market globally. In 2022, CCA futures traded around $1.7 billion per month.

“The process of reducing GHG emissions to net zero, is an increasingly important focus for policymakers around the world. There is more emphasis on climate change mitigation than ever before, but progress will be limited if investors and policymakers aren’t aligned and working together toward reaching climate targets. It is, therefore, imperative that investors have access to a wide spectrum of exposures. WCCA removes many of the barriers investors face when allocating to this asset class and builds on WisdomTree’s heritage of bringing hard-to-access exposures to investors through ETPs. We are building a range of differentiated and complementary ETPs that allow investors to participate in the energy transition through thematic equities, commodities, or carbon allowances.”

Alexis Marinof, Head of Europe, WisdomTree.

WCCA is the seventh addition to a suite of WisdomTree ETPs providing investors access to the energy transition. The prior launches in the range are WisdomTree Carbon (CARB), WisdomTree Recycling Decarbonisation UCITS ETF (WRCY), WisdomTree Battery Solutions UCITS ETF (VOLT), WisdomTree Global Automotive Innovators UCITS ETF (WCAR), WisdomTree Battery Metals (WATT) and WisdomTree Energy Transition Metals (WENT).

  • climate change, Fund Launch, Launch, zero emissions

Related Post

Cover-crypto-fund-RankiaPro

Syz partners with Willy Woo and CMCC to launch first bank-backed crypto hedge fund

Cover-JPMorgan-Green-Social-Sustainable-Tree-RankiaPro

J.P. Morgan AM launches Green Social Sustainable fixed income strategy

Cover-Robeco-launches-Sustainable-fund-rankiapro

Robeco launches Sustainable Senior Loan Fund

NEWSLETTER
If you want to keep up to date with the latest news from the asset management industry and all our events, subscribe now to our newsletter.
Subscribe

Last Tweets

now

RankiaPro

  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us
Menu
  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us

Terms and uses

  • Cookies Policy
  • Privacy Policy
  • Disclaimer
Menu
  • Cookies Policy
  • Privacy Policy
  • Disclaimer

Contact

  • [email protected]
  • (+34) 963 386 976
  • (+34) 640 308 023

Newsletter

If you want to keep up to date with the latest news from the asset management industry and all our events, subscribe now.

Subscribe

All rights reserved © 2003 – 2023 Rankia S.L.

RankiaPro

  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us
Menu
  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us

Terms and uses

  • Cookies Policy
  • Privacy Policy
  • Disclaimer
Menu
  • Cookies Policy
  • Privacy Policy
  • Disclaimer

Contact

  • Email: [email protected]
  • Phone: 963 386 976 – 601 302 692

All rights reserved © 2003 – 2023 Rankia S.L.

Manage Cookie Consent
To provide you the best experience on our website, we use technologies like our own and third-party cookies for analytical purposes and to store device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique identifiers on this site. Not consenting or withdrawing consent may adversely affect certain features and functions.

To learn more, please read our Cookie Policy and Privacy Statement.
Functionality or Personalisation Cookies Always active
These cookies are necessary for the website to function or for the unique purpose of transmitting a communication over an electronic communications network, and cannot be disabled on our systems. Usually they are set up to respond to actions made by you to receive services, such as adjusting your privacy preferences or filling out forms. You can set your browser to block or alert you to the presence of these cookies, but some parts of the website will not work. These cookies allow the website to provide better functionality and personalisation. They may be set by us or by third parties whose services we have added to our pages. If you do not allow these cookies some of our services will not work properly.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics Cookies
These cookies allow us to count traffic sources in order to measure and improve the performance of our website. Storage or technical access which is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing Cookies
These cookies may be site-wide, placed by our advertising partners. These third parties may use them to create a profile of your interests and show you relevant adverts on other sites. If you do not allow these cookies, you may receive less targeted advertising.
Manage options Manage services Manage vendors Read more about these purposes
Cookie Settings
{title} {title} {title}
  • RankiaPro Europe
    • RankiaPro Spain
    • RankiaPro LATAM
    • RankiaPro Italy
Menu
  • Home
  • Insights
    • Equities
    • ESG
    • ETF
    • Fixed Income
    • Interviews
    • Market Outlook
  • News
    • Appointments
    • Asset Managers
    • Launches
  • Magazine
  • Events
    • Events & Conference calls
    • Rankia Funds Experience
    • RankiaPro Meetings
  • Podcast
  • MIFIDII Training

Follow us on social media

Linkedin Twitter Youtube Flickr

NEWSLETTER

Subscribe

Book now

WisdomTree Launches Europe’s First California Carbon Allowance ETP