Carbon Trading Volume Rose to Record in EU December Permits
This article is for subscribers only.
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.