Andurand sees potential in UK’s carbon price

Andurand Capital Management's Pierre Andurand. — Bloomberg

LONDON: One of the best trades in global commodities could be in the United Kingdom’s carbon market.

Andurand Capital Management, run by famed oil trader Pierre Andurand, is betting that UK carbon prices are going to rise in the coming months. A push from the government on climate policies could make the market a bright spot as other commodities markets cool after years of soaring prices.Britain launched its carbon market in 2021 after it left the European Union (EU).