EU Carbon Allowances Rise at Fastest Pace Since December 2011
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European Union emission permits had the biggest one-day increase since December 2011, after a surge in bidding at an auction and as nations consider a temporary fix to a glut of permits.
EU carbon for December jumped 10 percent after the sale, held by the European Energy Exchange AG, had a bid-to-offer ratio of 3.8, the highest since Nov. 2. An auction by Germany on Jan. 18 failed, even after EEX extended it by 15 minutes, prompting prices to drop to a record yesterday.