Carbon markets have rallied in recent months and that could continue as negotiators edge closer to new carbon trading rules at upcoming COP26 climate summit.
Carbon markets have rallied in recent months and that could continue as negotiators edge closer to new carbon trading rules at upcoming COP26 climate summit.
Revisiting the Corona Fighters
B. G., Opalesque Geneva:
We revisit some of the original Corona Fighters - hedge funds and alternative asset managers who successfully protected assets and outperformed the markets during the first months of 2020 - and see how they are doing at the end of the year.
The carbon fund
The World Carbon fund invests across multiple liquid and regulated carbon markets, with the objective to generate absolute returns with a low correlation to traditional asset classes and to have a direct impact on climate change. Launched in March 2020, it was up 2.70% in November, 5.11% YTD. The European Carbon market experienced large gains with prices rising more than 20% after having declined by 17% in the prior two months, says a manager commentary seen by Opalesque. This brought the price back to Euro 29/Tonne which is approaching the key level of 30 Euros hit briefly in July, August, and September, with the market retracing significantly on each occasion. Th