Opinion by By Mathew Carr

Feb. 23-27, 2024 — EU carbon futures seem to be a screaming buy if you have even a 5-year outlook?

Even more so if you have a 10-30 year outlook.

I guess sellers are betting that every winter going forward will be this mild.

I consider these prices might represent the best chance pension funds have ever had to help ensure a livable planet (and provide a great capital gain going forward).

Prices have halved in a little over a year, presenting a great entry point.

This is not investment advice.

February and April contracts were below €50 a ton on Feb. 23: ICE (see below)

Prices have since recovered slightly … they are hovering around that level.

The low levels indicate to me that surprisingly few people care about REAL sustainability … or at least they are not yet willing to put their money where their mouth is.

hmmm

The inability or unwillingness of pension funds to make long-term bets on commodities like EU carbon is one of the most telling signs of the greenwash culture in capitalism today.

Could it be that pension funds (and their proxies) deliberately push down EU carbon so that they can reap more short-term profit from companies that they invest in … manufacturers and fossil fuel producers that are currently operating in very dirty ways?

Surely freaking not!?

Comments to mathew@carrzee.net

(Updates with context, earlier tweaked headline to make more clear)

Feb. 23, 2024

Feb. 27