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Carbon drops most in four weeks as EU panel passes weakened fix

Posted on 20 June 2013

European Union carbon permits fell the most in four weeks as the European Parliament’s environment committee approved a weakened proposal to reduce a surplus of emissions allowances.
The December futures contract lost 6.9 percent to close at 4.39 euros ($5.88) a metric ton on London’s ICE Futures Europe exchange, the biggest decline since May 22. Earlier the contract fell as much as 7.2 percent to 4.36 euros a ton………………………………………..Full Article: Source


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