iPath Series B Carbon ETN

The iPath Series B Carbon ETN is an exchange-traded note designed to provide investors with exposure to the global carbon emissions market. Its primary function is to track the performance of indices that represent the price of carbon within emissions trading schemes, particularly focusing on the European Union Allowances (EUA) in the European Union Emissions Trading Scheme (EU ETS). This ETN offers investors a means to gain exposure to carbon credits, without the need to directly purchase and manage these allowances. Notable features of the iPath Series B Carbon ETN include its ability to provide diversification into environmental investment areas and its association with industries seeking to manage carbon compliance obligations, such as energy production and manufacturing sectors. The asset plays a significant role in the financial markets by allowing investors to speculate on the price movements of carbon emissions, which are increasingly relevant in the context of global environmental policy and regulation. This ETN is particularly significant amidst global efforts to address climate change, as it provides a financial vehicle that is directly linked to initiatives targeting reduced carbon footprints and promoting sustainable practices.