Oct. 9 (Bloomberg) -- 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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