Thursday, 18 November 2021 17:48

A Big New Asset Class Just Arrived to the US

Written by
Rate this item
(1 Vote)

The new age gold rush had investors and hedge funds sprinting to the euro area investing in the carbon market where prices doubled last year, but hedge funds are betting California is the big break. If the U.S. is serious about its climate aspirations then the price of carbon will have to increase and California is already a leading collector in the tax of carbon. There has already been an 85% increase in the price of carbon per ton this year stateside and those tax dollars are funding municipality-related climate initiatives such as wildfire prevention. However, the carbon taxes come at a cost. The higher built-in tax drives up consumer goods prices when inflation is already on the minds of every American. Overall investors like Blackstone see gains coming.

FINSUM: In the long-term, this could be another major global financial market that is centered in the US.

Contact Us



Subscribe to our daily newsletter

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…