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EU Carbon Premium Over UN Offsets Widens to Five-Month High
2010-11-17 17:47:40.40 GMT
By Mathew Carr
Nov. 17 (Bloomberg) -- The premium of European Union carbon
permits for 2012 over United Nations offsets advanced to its
widest level since June 9 as EU lawmakers consider banning
credits from some industrial-gas cutting projects in 2013.
The spread between EU permits and UN credits for 2012,
traded as a separate contract, widened 4 cents, or 1 percent, to
4.12 euros ($5.58) a metric ton as of 5:33 p.m. on London's ICE
Futures Europe exchange.
EU carbon permits for December this year rose 1.7 percent
to 14.88 euros a ton on ICE. UN CERs for December this year,
which include credits from potentially banned industrial-gas
projects, rose 2 percent to 12.26 euros a ton. German power for
next year, which sometimes tracks carbon permits, advanced 0.8
percent to 48.55 euros a megawatt-hour.
For Related News and Information:
For a Chart on EU Carbon: MOZ2 <CMDTY> GP <GO>
For a Chart on UN Emissions: CARZ2 <CMDTY> GP <GO>
--Editors: Rob Verdonck, Randall Hackley
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
