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Trading Climate Change

Our nation may be taking a big step toward curbing greenhouse emissions.

On Monday, the EPA ruled that greenhouse gases endanger human health, allowing it to regulate planet-warming gases without legislation from the Senate, where a bill to cut U.S. emissions by 2020 is stalled.

Environmentalists consider the move a major step forward; it was greeted with great enthusiasm at the opening day of the UN climate talks in Copenhagen.

"This is very significant in the sense that if...the Senate fails to adopt legislation (on emissions), then the administration will have the authority to regulate," Yvo de Boer, head of the U.N. Climate Change Secretariat, said

15,000 people are meeting in Denmark’s capital for about a week in an attempt to crack down on all the issues posed by global warming.

What must you know?

Although I expect we’ll hear positive comments out of the summit, I don’t think we’re going to get anything specific, says Gordon Johnson of Hapoalim Securities. As a result, I’m bearish on the space, right now, he admits.

In fact, I think some of the European nations could reduce incentives they provide for alternative energy. Right now solar is way more expensive than fossil fuels.


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Trader disclosure: On December 7th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (BTU), (NUE); Seymour Owns (CHL), (AAPL), (BAC), (GE), (MSFT); Najarian Owns (AAPL) Calls; Najarian Owns (BAC) Calls; Najarian Owns (DD), Owns (DD) Calls Spread; Najarian Owns (GE) Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (TXN), Is Short (TXN) Calls

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