Looking for a Commodity That's Rising? Try Pollution Permits
- Carbon permits the bright spot among gloomy commodities
- Allowances poised for 11 percent gain by end of year
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There’s one corner of the commodities markets bucking the slump that’s sent raw material prices tumbling: pollution permits.
Prices in Europe’s market for carbon emission allowances, where companies trade the right to release the greenhouse gas into the atmosphere, gained 10 percent this year after the European Commission took unprecedented steps to prop up the market, attempting to curb a record glut.