Bloomberg News

Premium for EU Carbon Widens to Record as Offset Volumes Jump

October 16, 2012

The premium for European Union carbon allowances over United Nations Certified Emission Reduction credits widened 2.1 percent to a record as the volume of offset futures jumped yesterday to the highest since Dec. 16.

The spread expanded 13 cents to 6.36 euros a metric ton at 8:08 a.m. local time on the ICE Futures Europe exchange in London. Aggregate CER volumes jumped to 14.1 million tons on the bourse yesterday from 11.2 million tons on Oct. 12.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Alessandro Vitelli at avitelli1@bloomberg.net


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