EU Emission Permits Fall as Trading Volumes Surge Before CloseAlessandro Vitelli
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.