LONDON (Reuters) - The first trade in European Union carbon permit futures for delivery in 2020, the year the next phase of the EU's Emissions Trading Scheme ends, was done on Friday for 22.72 euros ($29.98) a tonne, the deal's broker said.
The over-the-counter trade on the European Climate Exchange (ECX) between Gunvor Global Energy and JP Morgan involved a complex structure that included contracts with other delivery dates within phase 3 of the scheme (2013-2020), Tradition said in a statement.
"This supports our belief in the longevity of the carbon market, and we are pleased to remain at the forefront as it continues to evolve," said Mike Anderson, head of European energy at Tradition.
Friday marked the first day the ECX, the world's largest carbon marketplace, offered trade in EU Allowance futures for delivery in 2015-2020.
The size of the trade was not disclosed, but data from ECX's website showed that 10 lots of Dec-2020 EUA futures, equivalent to 10,000 tonnes of carbon dioxide, changed hands this morning.
Another 10 lots of Dec-18 futures and 20 lots of Dec-19 futures were also traded OTC on the ECX at undisclosed prices.
(Reporting by Michael Szabo; Editing by Jane Baird)
