Hedge fund specialist Man Group, one of the first FTSE 100-listed companies to claim carbon-neutral status, wants to launch a series of products that deal with the climate change threat.

Chief executive Peter Clarke also believes that carbon trading will be a big opportunity for managed futures funds, such as Man's AHL. He reckons the price of carbon futures could quintuple to €100 ($143), assuming a second-round European emissions trading initiative starts to bite and the US follows suit. Voluntary trading schemes under the Kyoto agreement have gained acceptance.