ESG & Investing
UK Carbon Futures Jump on Talk About Link With EU Market
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UK carbon jumped to the highest level since June after a minister said that the UK is discussing linking its carbon market to the larger trading system in the European Union.
The comments are the latest by the government to suggest a potential linkup, while giving little detail about the likelihood or timeframe. Yet the possibility has spurred a recent rally in UK carbon permits, which trade at a discount to the EU equivalent.