| 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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