Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

EU Carbon Permits Gain Most in 11 Days as German Power Advances

Nov. 23 (Bloomberg) -- European Union carbon rose the most in 11 days as German power for 2013 advanced for the first time in more than a week.

Permits for December gained 3.2 percent to 7.01 euros ($9.10) a metric ton on London’s ICE Futures Europe exchange. German baseload power for 2013 increased for the first time since Nov. 14, climbing 0.3 percent to 46.65 euros a megawatt-hour, according to broker data compiled by Bloomberg. It fell to a record 46.40 euros on Nov. 20.

Germany sold permits for next year at 6.75 euros a ton in its fifth such auction. Bidders sought 9.2 million permits in the event, more than three times the volume for sale. Buyers yesterday bid for twice as many permits as were offered by the EU in its fourth sale of allowances for the next phase of the bloc’s carbon market.

The EU, Greece, Germany and the U.K. sold a total of 21 million tons of permits this week as the EU ramped up its auctioning program before the start of the third phase, which runs from 2013 through 2020. The EU, Germany and Greece will offer more than 13 million tons of allowances next week.

United Nations Certified Emission Reductions for December rose 2.5 percent to 81 cents on ICE Futures Europe, the highest for four days.

The executive board of the UN’s Clean Development Mechanism, the body responsible for regulating CERs, delivered 9.3 million tons of credits to the market today, UN data show. That’s more than 10 times as many as yesterday and the biggest issuance in a single day since Sept. 16, 2011.

To contact the reporter on this story: Alessandro Vitelli in London at

To contact the editor responsible for this story: Lars Paulsson at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.