Five Top Ways We Can Invest in Carbon Credits
With global leaders looking to reduce the world's carbon footprint,“building enough capacity will take decades. That's one reason why voluntary carbon credit markets are expected to play an increasingly key role to help offset the impact of greenhouse gas (GHG) emissions,” says Base Carbon Inc. (NEO BCBN) (OTCQX: BCBNF).“One credit off sets one tonne of carbon dioxide, or an equivalent amount of methane or other GHGs. A 2021 study by Trove Research concluded that voluntary credits will be an essential lever for corporations to offset emissions. The study forecasts that the cost per credit could exceed US$50 by 2040 due to rising demand, up from a range of US$5 to US$20 today.” In addition to Base Carbon Inc., other companies and ETFs with exposure to carbon credits, include Carbon Streaming Corp. (OTC: OFSTF) (NEO: NETZ), Brookfield Renewable Partners LP (NYSE: BEP) (TSX: BEP), KraneShares Global Carbon Strategy ETF (NYSE: KRBN), and Horizons Carbon Credits ETF (TSX: CARB).
Helping, hundreds of companies are already committed to net-zero carbon emissions, including Alphabet Inc., Disney, Unilever, Siemens AG, Ford, American Airlines, Illumina Inc., CVS Health, Moody's Corp., and Trane Technologies to name a few.
Look at Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF), For Example
Base Carbon Inc. just announced that it has been approved to commence trading of its common shares on the OTCQX® Best Market, beginning today under the ticker symbol“BCBNF”.
Michael Costa, CEO of Base Carbon commented,“We believe trading on OTCQX will enhance our visibility among U.S. and global investors seeking access to opportunities in the voluntary carbon markets and to achieve their ESG investment goals.” The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. The Company's common shares will continue to trade on the Neo Exchange under the symbol BCBN.
Other related developments from around the markets include:
Carbon Streaming Corp. confirmed that it has closed the previously announced US$20.0 million carbon credit streaming agreement with Community Carbon and UpEnergy Group to bring fuel-efficient cookstoves and safe water solutions to millions of households in eastern and southern Africa. These vital energy-saving devices are designed to reduce emissions, improve health outcomes, and preserve local environments by protecting forests from illegal and unsustainable charcoal and wood harvesting.
Brookfield Renewable Partners reported financial results for the three and six months ended June 30, 2022. 'The business performed well this quarter, as we delivered strong financial results, commissioned 1,000 megawatts of development, and deployed and committed $3 billion into growth initiatives,' said Connor Teskey, CEO. 'Given the depth of our operating capabilities, globally diverse asset base, and strong access to capital, we are well positioned in all market environments to be a partner of choice in helping governments and businesses achieve their goals of low-cost energy, net-zero, and energy security.'
KraneShares Global Carbon Strategy ETF is benchmarked to IHS Markit's Global Carbon Index , which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA), the Regional Greenhouse Gas Initiative (RGGI), and United Kingdom Allowances (UKA).
Horizons Carbon Credits ETF is Canada's first exchange traded fund to provide exposure solely to carbon credits through the ownership of carbon credit futures. CARB's investment objective is to seek to replicate, to the extent possible and net of expenses, the performance of an index that seeks to provide exposure to investments in cap-and-trade carbon allowances. Currently, the ETF seeks to replicate the performance of the Horizons Carbon Credits Rolling Futures Index (Excess Return), net of expenses.
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