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EU carbon climbs most in four weeks as bloc nears fix for glut

Posted on 15 January 2014

European Union carbon permits rose the most in four weeks as policy makers in the bloc seek to finalize details of a plan to temporarily withhold supply in the world’s biggest greenhouse-gas market.
The December contract added 4.5 percent, the most since Dec. 17, to 4.91 euros ($6.72) a metric ton by the close on ICE Futures Europe in London after touching 4.97 euros. Trading volume jumped 60 percent from yesterday to 27.5 million tons, the most for a front-year contract since Dec. 10 and almost triple the three-month daily average………………………………………..Full Article: Source


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