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German Utility Calls for Limits on EU Carbon Market Speculators

  • Stromio alerts EU financial market regulator over market abuse
  • Company urges action to prevent ‘extreme’ carbon speculation

Record gains in European Union pollution prices prompted a German power company to call for the bloc’s financial market regulator to curb the influx of speculative investors into the market.

Stromio GmbH last month contacted the European Securities and Markets Authority about the need for limits on the amount of derivatives related to the EU Emissions Trading System that investors can hold, according to a letter seen by Bloomberg News.