Deal | Finance & Capital Markets

Arendt & Medernach assisted SparkChange, a leading specialist in carbon data and investment products, with the launch of the first ever Exchange-Traded Commodity (ETC) physically-backed with carbon allowances. As part of this ground breaking transaction Arendt & Medernach notably assisted SparkChange with the creation of the first ever pledge on emission allowances at Luxembourg and EU level.

Arendt & Medernach advised SparkChange with the launch of its new ETC on the London Stock Exchange, SparkChange CO2 (Ticker CO2.L).

SparkChange CO2 provides investors with exposure to regulated European Union carbon allowances (EUAs) and specifically aims to prevent carbon emissions.

The launch occurred a few days before ESMA published its preliminary report on emission allowances and derivatives thereof, which confirms the status of the European Union Emissions Trading System as the world’s largest market for emission allowances by turnover.

The Arendt team was comprised of Matthieu Taillandier and Laura Archange.