ESG & Investing
Hedge Fund Veteran Pitches First-Ever CO2 Risk Transfers
- Emissions transfers pitched as way for banks to cut CO2 risk
- Climate activists say such financial engineering won’t cut CO2
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A veteran of alternative investment management has started pitching a new type of securitization he says would allow banks to cut the carbon footprint of their balance sheets.
Andrew Hohns, a former managing director at hedge fund Mariner Investment Group who now runs Newmarket Capital, says he’s currently in talks with a number of banks to construct such novel transfers.