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EU carbon rises as traders focus on plan to fix permit surplus

Posted on 03 April 2013

European Union carbon permits for December rose for the fourth time in five days as traders focused on lawmakers’ proposals to boost prices after data showed emissions declined 1.4 percent in 2012. The benchmark future closed 2.7 percent higher at 4.94 euros ($6.34) a metric ton on London’s ICE Futures Europe exchange, after having fallen as much as 6 percent in earlier trading.
Carbon emissions fell to 1.787 billion tons last year from 2011, according to incomplete European Commission data from 89 percent of factories and power stations. Discharges from the 68 percent of airlines that submitted reports by the April 30 deadline totaled 55 million tons, the data showed………………………………………..Full Article: Source


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