FCC Votes 3-2 for Proposal to End Ban on In-Flight Phone Calls
Carbon Trading Volume Rose to Record in EU December Permits
Carbon trading in benchmark December European Union emissions permits had the busiest ever day yesterday as prices surged.
The volume of EU December 2012 carbon futures leaped 64 percent to a record 30,928 lots, or 30.9 million metric tons, on ICE Futures Europe in London. Open interest, or the number of outstanding contracts, rose by 1.4 percent to 353.1 million tons, exchange data show. The contract’s price rose 7.7 percent yesterday, its biggest gain since Dec. 20.
“New positions have been initiated as prices rallied,” which is evidence of new entrants into the marketplace, Brett Genus, a broker and technical analyst at OTC Europe LLP in London, said today by e-mail. This may indicate that traders opened long positions in a bet prices may rise further, he said.
Permits have advanced 18 percent this week to 9.30 euros a metric ton as of 12:31 p.m. in London, exchange data show. That’s the highest price since Nov. 22.
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