Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


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 Rises as Traders Focus on Plan to Fix Permit Surplus

April 2 (Bloomberg) -- European Union carbon permits for December rose for the fourth time in five days as traders focused on lawmakers’ proposals to boost prices after data showed emissions declined 1.4 percent in 2012.

The benchmark future closed 2.7 percent higher at 4.94 euros ($6.34) a metric ton on London’s ICE Futures Europe exchange, after having fallen as much as 6 percent in earlier trading.

Carbon emissions fell to 1.787 billion tons last year from 2011, according to incomplete European Commission data from 89 percent of factories and power stations. Discharges from the 68 percent of airlines that submitted reports by the April 30 deadline totaled 55 million tons, the data showed.

“The published data will not have a substantial impact on prices, since there haven’t been substantial changes to market fundamentals,” according to Guido Busato, chief executive officer of Eco-Way, an Italian emissions-trading company based in Milan. “Instead, we think that price movements will be based on the political decision that will take place on April 16,” when the European Parliament votes on a measure to enable temporary cuts in the supply of permits, he said.

United Nations Certified Emission Reductions for December rose 3 percent to 34 euro cents a ton.

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.