Research shows informed traders never let a good climate crisis go to waste
It’s serious business for the world establishing a framework to limit the impact of climate change, but for some, market responses to the annual United Nations Conference of Parties (COP) climate negotiations are also a chance to make some serious money.
In a paper recently published in the journal Energy Economics, an Australian research team has analysed the activity around COP meetings of “informed traders”, referring to any investor acting on non-public information that enables them to trade ahead of the market.
“We found that fossil ...