Carbon: The Path to 110 Euros per Ton and Beyond

Published on: April 14th, 2021

Lawson Steele, senior analyst at Berenberg, has provided this report to accompany his Real Vision Live appearance with Raoul Pal and provide more detail on his and Berenberg’s outlook for carbon prices.

Comments

  • JW
    Joel W.
    15 July 2021 @ 10:57
    You can read his update on how the new EU plans affect the ETS here - https://www.linkedin.com/pulse/carbon-eu-delivers-focus-99-deficit-over-next-three-lawson-steele/
  • MM
    Marijn M.
    19 April 2021 @ 11:03
    I love this trade. However KRBN and GRN both not available in Europe. Does anybody know an alternative ETF available in Europe?
    • MR
      Michael R.
      19 April 2021 @ 18:10
      You can get exposure to both through IG Index andprobably other spreadbetters
    • TS
      Thomas S.
      21 April 2021 @ 11:16
      @michaelr ... how do you get exposure to the IG Index ? Is it through CFDs on the IG platform ?
    • JM
      Jacopo M.
      21 April 2021 @ 15:55
      You can buy both of them via Interactive Brokers in Europe
    • CH
      Christopher H.
      22 April 2021 @ 18:27
      If you google ICE ECX EUA FUTURES it shows some certificates, which you can buy to get some exposure.
    • RW
      Rod W.
      3 May 2021 @ 19:53
      I was able to buy KBRN through my IG share dealing account.
  • DJ
    D J.
    20 April 2021 @ 12:53
    Doesn’t this immediately indicate short Bitcoin due to high electricity production? Love the paper by the way have been on the same train of though for some years.
    • PP
      Percy P.
      23 April 2021 @ 06:12
      No comment on long/short BTC or proof of work mining. It's the power generator or electricity provider that have to deal with the carbon credit system, while the end users and consumers don't, at least that's the case in California. Whether or not these power companies determine to transfer the cost onto end users are up to the companies themselves.
  • JW
    Joel W.
    17 April 2021 @ 09:23
    There is a consensus around all of these experts that this is a great trade, so who am I not to head that call :-) It's great to have exposure to experts/expertise like this so we can further rationalize personal investment decisions. Good to hear Lawson reconfirm GRN and KRBN as valid investment options as either the futures are not easily available or if they are brokers out in place rather steep margin reqs. We, retail investors, are still frontrunning this and I am keenly following how these instruments respond over the next few months.