European Union emission permits fell to a record before sales planned for this week of 15.7 million metric tons, which will further boost supply.
EU carbon for December dropped 3.1 percent as nations prepared for four auctions this week on the European Energy Exchange AG. A sale by Germany on Jan. 18 failed, even after EEX extended it by 15 minutes. The unsold volume will be added to the country’s next four weekly auctions.
Permits lost 16 cents to close at 4.95 euros ($6.59) a metric ton on London’s ICE Futures Europe exchange. Certified Emission Reduction credits for December rose 2 cents to 34 euro cents a ton on ICE.