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 |