Futures for UK emissions permits jumped on Wednesday after comments from the chancellor about the potential for linking the country’s carbon trading system with the EU, Bloomberg reported. The article said Spencer Livermore, the finance secretary at the Treasury, told lawmakers in the House of Lords that the UK was continuing to “explore all options to improve trade and investment with the EU, including for the UK and the EU to seriously consider linking our emissions trading systems.” He did not elaborate, it said. The comments sent the benchmark price of UK carbon futures up as much as 11.3% at the end of this year, the article continued, with “investors keen to hear more from the government about whether it wants to unify the two emissions regimes.”

Eamon Farhat and Will Mathis, Bloomberg