UN Carbon Has Biggest Weekly Gain This Year as EU Factories Buy
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United Nations Certified Emission Reduction carbon credits posted their biggest weekly gain since Dec. 21 on speculation that factories are snapping up the contracts to comply with European Union carbon caps.
CERs for delivery in December rose 40 percent this week to close at 42 euro cents ($0.54) a metric ton on the ICE Futures Europe exchange in London. That’s the highest since April 16.