Monday, June 4, 2007

Emission Permits, German Power Rise After EU Curbs Finland's Allocation

(Bloomberg) -- European Union carbon-dioxide permits
rose toward their highest in 13 months after a regulatory
decision curbed Finland's allocation of allowances in the five
years through 2012 by 5.1 percent.

Emission permits for delivery in December 2008 gained as
much as 1.07, or 4.5 percent, to 24.95 euros ($34) a metric ton,
the highest since May 30. On that day the contract reached a 13-
month high of 26 euros. The security was at 24.90 euros a ton at
1:24 p.m. in Amsterdam on the European Climate Exchange.


Read more at Bloomberg Energy News

No comments: