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EU Carbon Erases Gains Before Lawmakers’ Glut Fix Vote Tomorrow

European Union carbon permits for December erased earlier gains as traders prepared for tomorrow’s European Parliament committee vote on measures to boost the price of allowances.

EU permit futures for December dropped 1.4 percent to 5.12 euros ($6.83) a metric ton on London’s ICE Futures Europe exchange. That’s the biggest decline in a week. The contracts earlier advanced as much as 6.4 percent to 5.52 euros.