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UN carbon offsets for March rise 94pct as compliance buying jumps

Posted on 28 February 2013

United Nations carbon credits for March jumped the most ever and trading rose to the highest in more than two months ahead of a deadline to surrender permits and offsets in the European Union’s carbon market.
March Certified Emission Reduction futures gained as much as 94 percent to 33 euro cents ($0.43) a metric ton on London’s ICE Futures Europe exchange. That’s the highest price since Dec. 11. ICE Futures handled 5.2 million tons of March offsets, the busiest day since Dec. 11. The contract closed 82 percent higher at 31 cents………………………………………..Full Article: Source


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