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EU Carbon Premium Over UN Offsets Widens to Record 6.05 Euros

The premium for December European Union carbon permits over United Nations Certified Emission Reduction offsets widened to the most ever on London’s ICE Futures Europe exchange.

The spread, traded as a separate contract, expanded 1.3 percent, or 8 cents, to 6.05 euros a metric ton as of 8:01 a.m. London time. That’s the biggest differential since the contract was first offered in 2008.

EU carbon for December, the industry benchmark, rose as much as 1.3 percent to 8.02 euros a ton, and CER futures had not yet traded on ICE.

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