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April 1 (Bloomberg) — Carbon emission prices advanced for a second straight day after a European Union report signaled that factories and power stations failed to reduce pollution last year as much as some traders and analysts anticipated.
The report, the trading blocs first verified tally in a year, showed emissions in the worlds biggest greenhouse gas market fell 3.4 percent last year to 1.96 billion metric tons of carbon dioxide. That was less than the 4.2 percent drop estimated by five analysts in a survey earlier this week, and EU emission allowances for 2009 rose 4 percent.
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