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European Carbon Permits Climb Most in a Month After Auction

European Union carbon permits rose the most in a month after the bloc sold allowances in an auction at a price above the prevailing market level for the first time in more than six weeks.

EU contracts for December jumped 5.1 percent, the biggest increase since Dec. 7, to close at 6.66 euros ($8.73) a metric ton on London’s ICE Futures Europe exchange. Certified Emission Reductions for December rose 13 percent to 45 euro cents a ton.