The cost of pollution in the European Union rose to new highs after a report by the bloc's market watchdog dismissed concerns by some governments over abuse and the role of speculative investors in emissions trading.
Benchmark carbon permits rose as much as 1 percent to a record EUR 69.77 a ton on ICE Endex on Friday, extending this week's gains to 10 percent. The cost of polluting for manufacturers and utilities has more than tripled over the past three years.
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