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Carbon has biggest weekly gain since May as EU cuts handout

Posted on 09 September 2013

European Union carbon permits posted their biggest weekly gain in four months as the bloc’s regulator scaled back the handout of free allowances, reducing the risk of a sell-off by polluters.
December allowances climbed 17 percent this week, the biggest increase for the period since May 3, on the ICE Futures Europe exchange in London. The European Commission yesterday lowered its allocation of free allowances to industry by 12 percent through 2020, and delayed selling an additional 66 million metric tons of permits until next year………………………………………..Full Article: Source


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