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Carbon may rise 44pct on EU vote for surplus fix, Jefferies says

Posted on 16 April 2013

European Union carbon allowance prices may jump as much as 44 percent if the bloc’s parliament votes in favor of a plan to temporarily cut a surplus, according to Jefferies Group Inc.
Allowances for delivery in December may increase by more than 2 euros ($2.62) a metric ton should the European Parliament approve the measure to postpone the sale of some permits, said Matthew Gray, an analyst for Jefferies in London. EU carbon rose 1 cent today to 4.81 euros a ton on the ICE Futures Europe exchange at 2:30 p.m. in London………………………………………..Full Article: Source


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