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  • Published: Jun 30th, 2009
  • Category: USA
  • Comments: None

CO2 Traders Hedging Against Climate Laws, RNK Says (Update1)

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June 29 (Bloomberg) — Carbon traders will buy more option contracts this year as a hedge against new climate laws and devaluation of credits for richer nations that help cut greenhouse gas in the developing world, RNK Capital LLC said.

Ken Schneider, an options trader at New York-based environmental hedge fund RNK, said investors are buying put options on speculation there will be new restrictions on United Nations Certified Emission Reduction credits. Polluters can now use the UNs so-called offset credits from projects in less- developed nations to meet European Union requirements to reduce carbon dioxide emissions. Restrictions on their use may slash their value.

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