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California carbon rises to six-week high on new market players

Posted on 05 December 2012

California carbon rose to the highest level in almost two months as more companies were seen trading allowances and on speculation that Edison International (EIX)’s San Onofre nuclear power plant will remain shut next year.
Futures based on California carbon allowances for 2013, the first year of compliance under the state’s cap-and-trade program, jumped 8.6 percent yesterday to $13.20 a metric ton, the most since Oct. 19, data compiled by CME Group Inc. (CME)’s Green Exchange show………………………………………..Full Article: Source


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