Carbon Fund - CO2

[silverblizzard888]

Its a long wait for a new listing, but we have a new one today. A Carbon Fund trading under CO2.

Salt’s Carbon Fund Debuts on the NZX
https://www.nzx.com/announcements/326505

Anyone have any interest or been following this?

Risk level rated by the Salt Funds: High

[minimoke]

First time I can say I am ethically opposed to an investment opportunity. This wont see any of my cash.

[silverblizzard888]

First time I can say I am ethically opposed to an investment opportunity. This wont see any of my cash.

I think I hold the same skepticism, not likely to jump in any time soon until it offers more clarity and results to show its a profitable offering. Given the lack of listings this has caught my interest, curious to see how it plays out over time.

[horus1]

Surely it is a sure bet . Price of carbon will increase substantially over time .

[minimoke]

Surely it is a sure bet . Price of carbon will increase substantially over time .Same was said of Cryptocurrencies

[steveb]

not much interest on the market though

[hardt]

The only thing Salt Funds have that could interest me... Why pay a management fee for a single commodity trade though, just DIY.

Are these the fellas that called A2 a nothing burger at £2 while pumping NZME as being an intelectuals play?

[Onion]

First time I can say I am ethically opposed to an investment opportunity. This wont see any of my cash.

Can you elaborate on your ethical opposition? Are you objecting to carbon trading, to Salt or to this fund?

[traineeinvestor]

Given the history of failure of emission trading schemes (and new fads generally), it would take an awful lot of convincing before I put a cent of my money in this.

[Sideshow Bob]

This part sounds promising:

From their website: https://www.carbonfund.co.nz/thefund/

"The fund is expected to help in the price discovery of carbon units."

Read - we're going to buy some carbon units, and using your money, then find out what they're worth - hopefully more, perhaps less.

[minimoke]

Can you elaborate on your ethical opposition? Are you objecting to carbon trading, to Salt or to this fund?Carbon Trading - seems to me feeding off the fears of vulnerable, simple people

[777]

Carbon Trading - seems to me feeding off the fears of vulnerable, simple people

That is my opinion as well. Just a money go round.

[steveb]

That is my opinion as well. Just a money go round.
more like a ponzi scheme if you ask me

[ados_nz]

That is my opinion as well. Just a money go round.

As long as the money goes back around into planting more trees then its fine. However, this has not historically been the case and a fund holding NZU's for price speculation reasons does not bode well to actually helping NZ meet its climate change commitments.

[Snow Leopard]

Same was said of Cryptocurrencies

Just for you mini : Carboncoin
(https://carboncoin.cc/)

[haewai]

As long as the money goes back around into planting more trees then its fine. However, this has not historically been the case and a fund holding NZU's for price speculation reasons does not bode well to actually helping NZ meet its climate change commitments.

Doesn't bode anything I think. Already plenty of investors making the same guesses. I expect banks and gentailers have trading holdings, using other forms of capital.

[black knat]

Anyone else following this fund which tracks the price of NZ carbon units?

Has been a good run up in the price of NZUs (which the fund holds) this year with the fixed price purchase option moving from $25 to $35. Has to be more to come in 2021 and onwards with the start of cap and trade, the new auction system and price controls starting at an upper level of $50 for 2021. First auction set for March and looks good barring major policy changes from govt.

[Arthur]

You can buy and sell on nzx or buy direct from Salt, which enables a virtuous circle. It has been a great investment so far.