By Mathew Carr
Oct. 20 (Bloomberg) -- The premium of European Union carbon
permits for 2010 over offsets from the United Nations advanced
to its widest level in more than nine weeks as developers of
emission-reduction projects received and sought new credits.
The spread between EU permits and UN credits for 2010,
traded as a separate contract, increased 3.5 percent to 2.08
euros ($2.91) a metric ton on London's European Climate Exchange
as of 5:23 p.m. It's widened 41 percent in the past month. EU
permits for December rose 0.9 percent today to 15.16 euros a ton
as the equivalent UN CERs gained 0.5 percent to 13.09 euros.
The UN Framework Convention on Climate Change issued 3.4
million offsets today and 46,249 yesterday, according to its
website. It published so-called requests for issuance for
870,000 tons today and 1 million tons yesterday.
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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
