How to buy EUAs: Easy Step by Step Guide
We’ve been hearing about green finance a lot recently: impact investing has risen from US$420.91 billion in 2022 to US$495.82 billion last year according to the Impact Investing Global Market Report 2023.
In this context, European Union Allowances (EUAs) are the trading unit of the EU Emissions Trading Scheme, the backbone of Europe’s climate strategy. Yet they were not accessible to individual investors in spite of being a huge, highly performing asset with a real impact on emissions and a demonstrated track record since 2005 (read more here). Until now.
We created Homaio to unlock this asset class for you. Homaio is an investing platform focused on climate finance, empowering investors to seek both financial returns and proven impact on carbon emissions reduction.
In this comprehensive guide, we'll delve into the step-by-step process of how to buy EUAs through Homaio.
Step 1: Sign up on Homaio's EU ETS platform
Begin your climate investment process by registering on Homaio's platform. Homaio prioritizes your security and privacy, offering two options for account access:
Classic Login/Password:
- Choose a traditional login/password combination for access for a straightforward login process.
Google Authentication:
- Use your usual Google credentials instead. By doing so, experience a faster login process with a single sign-on. Google authentication provides an additional layer of account protection while still valuing your privacy.
As part of the registration process, Homaio also requests some basic information through a brief questionnaire:
- Name: … No need to justify this one.
- Email: Ensure smooth communication and timely updates on your investments.
- Country: Tailor the investment experience to local rules and your preferred language.
- Phone Number: Needed as an additional security measure.
Step 2: Indicate the details of your carbon investment
2.1 Investment Amount
Decide on the amount you want to invest in EUAs. By offering different options and entry level possibilities, Homaio wants to make sure that climate finance is within reach for all.
2.2 KYC Steps
For security and regulatory compliance, follow Homaio's Know Your Customer (KYC) procedures. This step ensures a transparent and secure investment environment. And… it is a legal requirement!
2.3 Subscription Contract Signature with Yousign
Formalize your investment through a digital signature using Yousign. We use this e-signature solution to make the process faster and more convenient for you.
Step 3: Buying Your Carbon Allowances
3.1 Monthly Batch System
Homaio has a monthly batch system - during the span of a month, we collect your orders and receive your investments. Then, we consolidate all the individual participations at the end of the subscription period and buy the corresponding EUA volumes. We buy physical (Spot) EUAs on either the Intercontinental Exchange or the European Energy Exchange. The allowances are then held on the EU Registry.
3.2 Track your investments
After buying the EUAs, Homaio grants investors access to a personalized portfolio tracker. This feature gives the opportunity to follow the investment value and observe the direct impact on reducing carbon emissions.
Investing in EUAs through Homaio is a commitment to positive environmental change through personal finance. Join today and become part of a community that believes in the power of responsible and impactful investing. Your journey towards financial growth and environmental impact starts here.
