“This wasn’t something where we were expecting to blow the doors off the barn, right out of the gate.
Noble said Horizons’ is an index strategy, which is simply buying European carbon credit futures, the one most people are watching now.
“We’ve seen carbon credits go from the 20 to 30 Euro range, starting in 2022, to around 90 Euros now.
Secondly, he said, “I think that there’s a general understanding globally that carbon emissions need to be reduced in the developed world.
Since it launched in 2005, he said the European index has helped to reduce European emissions from power generation and energy intensive industries by 42%.