EU Carbon Extends Rally to Two-Year High as Bullish Bets Build
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000European Union carbon futures extended a rally to the highest in more than two years as funds remain bullish due to the outlook for tighter supplies, adding to costs for generating electricity.Benchmark carbon permits climbed as much as 3.5% to the highest since August 2023. Carbon has advanced in recent weeks, despite falling gas costs, as speculators added to bets on even higher prices, with many analysts also expecting further gains.