EU Carbon Has Longest Rally Since 2008 Before Sept. Supply Boost
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EU carbon permits rose for a fourth month, the longest rally since 2008, before the European Union was scheduled to announce its verdict on the distribution of this year’s permits after a seven-month delay.
The benchmark December futures contract advanced 5.3 percent in August and climbed 86 percent from a record 2.46 euros ($3.25) a metric ton in April. Carbon closed 0.7 percent lower at 4.57 euros a ton on ICE Futures Europe in London.