Underlying Asset Performance: The performance of companies included in the CLIM.PA index directly impacts the ETF's price. Positive performance increases the ETF's value, while negative performance decreases it. Supply and Demand: Market supply and demand for CLIM.PA units influence its price. Higher demand relative to supply pushes the price up, and vice-versa. Expense Ratio: The ETF's expense ratio, the annual fee charged to manage the fund, indirectly affects returns and perceived value, influencing its price. Interest Rates: Changes in interest rates can affect the valuation of companies held in the ETF, and indirectly influence demand for the ETF. Global Economic Conditions: Economic factors like inflation, GDP growth, and unemployment can impact company profitability and investor sentiment, affecting the ETF's price. Regulatory Changes: New environmental regulations or policies related to climate change can significantly influence the profitability and valuation of companies in the ETF, impacting its price.