Finance
London Hedge Funds Are Betting a $100 Carbon Price Is Almost Here
- Europe’s carbon market is an integral tool to cut emissions
- Demand for carbon permits spreads beyond enegy producers
Pierre Andurand
Photographer: Anthony Harvey/Getty Images
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Andurand Capital Management is among hedge funds betting the price of carbon can only go up.
Brussels is enacting plans to eliminate carbon emissions by the middle of the century in a massive shift in how the European Union powers its economy. Forcing up the bloc’s carbon price, one of the key tools of EU climate policy, may be crucial. The higher the price, the more incentive companies have to make the hard decisions needed to tackle global warming.