Hedge funds and other speculative investors are increasing exposure to the European carbon market as expectations grow of a tightening supply of emissions permits, pushing prices to multi-year highs, according to a report by the Financial Times citing data from Intercontinental Exchange.
The figures show that investment fund net long positions in European Union Allowances (EUAs) reached a record level this month, the highest since records began in 2018. While positioning eased slightly following...
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