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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 Londons 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.
To contact the reporter on this story: Mathew Carr in London at [email protected]
To contact the editor responsible for this story: Stephen Voss at [email protected]
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