(Bloomberg) Reforms that soaked up a supply glut for pollution allowances have yet to run their course, prompting investors to pile in.
The speculative fervor that made European carbon allowances the hottest commodity of 2018 shows little sign of abating with more hedge funds seen doubling down on expectations for higher prices. Some 15 to 20 funds have begun or are considering multi-month or multi-year bets in Europe’s market for emission rights, according to Louis Redshaw, the former head of emissions at Barclays Plc who now advises investors including funds on the market.
Hedge Funds See More Juice in Carbon Market’s Two-Year Rally
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