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Energy & Science

Carbon Tumbles Most in Almost a Decade as War Spooks Investors

  • Investors are souring on what was once a one-way bullish bet
  • Biggest ETF carbon fund had first ever outflow on Monday
Updated on

European carbon permits plunged the most since 2014 as investors are fleeing a market once considered a one-way bet on stricter pollution rules in the region. 

Speculators on Monday pulled $86 million from the largest ETF fund that invests in emissions markets. Futures are also under pressure as surging natural gas prices may force industrial users to curb output and thus reduce pollution.