04.04.2013 - EU carbon may rise 14pct as traders anticipate vote, Hudak says
European Union carbon permits may rise as much as 14 percent before the blocís 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 Londonís ICE Futures Europe since falling to a record on Jan. 24. They may advance to 5.80 euros as traders bet that the blocís 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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