UN Carbon Has Record Weekly Plunge as Supply From Coal May Gain
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United Nations Certified Emission Reductions had their biggest weekly plunge as supplies from more-efficient coal plants in emerging nations may increase.
Certified Emission Reduction credits for December dropped 30 percent to 1.68 euros ($2.21) a metric ton on the ICE Futures Europe exchange in London, the most for a week since the contract was first offered in March 2008. They dropped 13 percent today. European Union carbon for this December declined 11 percent for the week and 4.6 percent today to close at 7.45 euros.