Carbon Has Best Quarter in Six Years Amid EU Permit-Supply Curbs
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European Union carbon permits had the biggest quarterly gain in six years as lawmakers consider permanent measures to curb a surplus that helped push prices to a record low.
December allowances climbed 25 percent since March 31, the most for a quarter since June 2008, according to data from the ICE Futures Europe exchange at 4:57 p.m. in London. The benchmark contract on ICE, the biggest exchange for EU emissions trading, is down about 80 percent from a peak six years ago.