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Eu Carbon Has Biggest Monthly Gain in Year on Supply Cut

European Union carbon permits had their biggest monthly gain in a year after the bloc cut 2014 supply by about a fifth to help deal with a glut.

December allowances jumped 9 percent to 7.18 euros ($9.95) a metric ton on the ICE Futures Europe exchange in London at 4:40 p.m., extending the monthly gain to 28 percent. They reached 7.33 euros on Feb. 24, the highest in 14 months.