Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EU Carbon Permits Rise for Second Day Before Vote on Law Change

Feb. 13 (Bloomberg) -- European Union carbon permits advanced for a second day before a vote next week on a change to the bloc’s emissions trading law that would enable a temporary reduction of oversupply in the cap-and-trade system.

EU allowances for delivery in December rose as much as 3.5 percent to 4.74 euros ($6.38) a metric ton and were at 4.67 euros on London’s ICE Futures Europe exchange as of 8:54 a.m. The contract extended this month’s gain to 37 percent.

The EU rescue plan for the carbon market is increasingly likely to win majority support from the European Parliament’s environment committee in a vote on Feb. 19, Matthias Groote, the lawmaker in charge of the measure in the assembly, said in an interview last week. The proposal will also need approval by the whole Parliament and member states in the next stages of the legislative process.

To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.