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EU Emission Permits Fall as Trading Volumes Surge Before Close

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Jan. 2 (Bloomberg) -- European Union carbon-dioxide permits fell as volumes at the end of trading jumped to the most for a five-minute period in more than two months.

Allowances for December 2013 dropped as much as 4.2 percent to 6.39 euros ($8.42) a metric ton, the least in almost a month, as trading volume on the ICE Futures Europe exchange jumped to 840,000 tons from 4:55 p.m. to 5 p.m. London time. That’s more than 14 percent of the day’s total and the most for the contract for any five-minute period since Oct. 31. Carbon settled at 6.57 euros.

To contact the reporter on this story: Alessandro Vitelli in London at avitelli1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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