The difference in price between European Union emission permits and United Nations credits offers EU industry a chance to make as much as $1 billion a year in profit, a Fortis analyst said.
The difference in price between the two is significant. Today, EU carbon dioxide permits for 2008 are trading at €21.45, or $29.22, a ton. That is 47 percent more than the price of €14.54 for 2008 UN credits, called certified emission reductions, according to the latest prices from the European Climate Exchange in Amsterdam and Nord Pool exchange in Lysaker, Norway.
I've got another arbitrage story coming up
From Bloomberg via the IHT