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EU carbon may rise 14pct as traders anticipate vote, Hudak says

Posted on 04 April 2013

European Union carbon permits may rise as much as 14 percent before the bloc’s parliament votes April 16 on a measure to boost prices, according to Milan Hudak, a Prague-based analyst at Virtuse Energy sro.
Allowances for December have jumped 81 percent to 5.08 ($7.37) euros a metric ton on London’s ICE Futures Europe since falling to a record on Jan. 24. They may advance to 5.80 euros as traders bet that the bloc’s assembly will approve an amendment to the emissions-trading law that would allow the European Commission to temporarily withhold 900 million permits from the market, Hudak said………………………………………..Full Article: Source


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