EU Carbon Volumes Surge to Record in Third Quarter, Value Rises

[struggle4progress]

By Mathew Carr - Oct 4, 2011 4:21 AM ET

Trade in European Union carbon permit futures contracts surged 65 percent to a record 1.52 billion metric tons on ICE Futures Europe in London last quarter, as prices neared their lowest in two-and-a-half years.

There were 926.2 million tons traded in the three months through September last year, according to aggregated carbon futures data from ICE, the biggest exchange for carbon trading. The value of trading advanced 13 percent in the most recent period to 16.4 billion euros ($21.6 billion), based on average benchmark 2011 prices ...

http://www.bloomberg.com/news/2011-10-04/eu-carbon-volumes-surge-to-record-in-third-quarter-value-rises.html