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Grove Carbon
CA Cap & Trade Fund
Confidential. For approved investors only.
Inception
July 1, 2023
Location
Strategy
New York, NY
$100/300M
Strategy Overview
Key Highlights
Asymmetric Trade - 200-300% Upside vs 0-10% Downside
Current Prices Hovering at Floor Price – Floor increases CPI +5% annually
Massive Dislocation from Recent Trump Executive Order (AG Looking into Market Legality)
Constitutionality of Market Already Tested both from a Federal, State, Local Standpoint
Catalysts on Horizon: Market Extension to 2040 and Increasing Tightening Targets
Market in Structural Deficit, Significantly Outstripping Supply each Quarter
Documents
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