Carbon-Trading Volume on ICE Increased to Record Yesterday
Carbon trading volumes rose 2 percent yesterday to a record on ICE Futures Europe in London, the biggest emissions exchange, as prices advanced to their highest in almost two years.
Volumes aggregated for all futures contracts on ICE jumped to 52.6 million metric tons, the most since the exchange began offering them in April 2005, bourse data show. They dropped to 31.3 million tons today, as the December future fell 2.7 percent to close at 16.79 euros ($23.53) a metric ton.
A record 65.4 million tons of emissions contracts traded yesterday, including United Nations offsets and 4.8 million tons of options, Sara Stahl, head of emissions markets at ICE in London, said today by e-mail.
To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
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