Carbon dioxide swindle permits: They cost $20 per ton in Europe, and ten cents per ton in the US

EU Emitters Face Deadline as CO2 Rises Above Recession, Fraud - BusinessWeek

April 30 (Bloomberg) -- More than 11,000 emitters face rising carbon prices and a European deadline today for handing over permits to the world’s largest cap-and-trade system.

European Union carbon-dioxide allowances for December are up 20 percent this month, twice as much as Brent crude, closing yesterday at 15.35 euros ($20.33) on London’s European Climate Exchange in London. That’s the biggest monthly gain in a year as carbon markets overcome concerns about the recession, an oversupply of permits through 2012 and fraudulent trading.

CCX CFI End of Day Summary

[10 cents per ton]