BI Select, Climate Change, Global Warming, financial markets, BI Prime, Derivatives, Futures, degree days, Columbia University, Investing,

Even the greediest capitalists are betting big on climate change. These are the trades they’re making to profit from it.

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REUTERS/Wolfgang Rattay A study from Columbia University indicates that financial markets are pricing in climate risk into decision-making, which is having a major impact on investing. The paper studied trades made at the Chicago Mercantile Exchange (CME) that saw investors effectively bet on the number of hotter- or colder-than-average days.  "The observed annual trend in […]

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