Aug 6 (Reuters) – The first trade in European Union carbon permit futures for delivery in 2020, the year the next phase of the EU’s Emissions Trading Scheme ends, was done on Friday for 22.72 euros ($29.98) a tonne, the deal’s broker said.
The over-the-counter trade on the European Climate Exchange (ECX) between Gunvor Global Energy and JP Morgan (JPM.N) involved a complex structure that included contracts with other delivery dates within phase 3 of the scheme (2013-2020), Tradition said in a statement.
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