(Bloomberg) -- Pollution permits, the biggest
money-loser for commodity investors this year, are poised for a
rebound that may spark a 10 percent jump in electricity costs
for the 260 million consumers from London to Bucharest.
Prices for allowances that give utilities and factories the
right to pump a ton of carbon dioxide into the atmosphere will
climb 20 percent in the next 12 months, according to Lueder
Schumacher, an analyst at Dresdner Kleinwort in London. The
reason: Governments are handing out fewer certificates in the
three-year program.
Read more at Bloomberg Energy News
money-loser for commodity investors this year, are poised for a
rebound that may spark a 10 percent jump in electricity costs
for the 260 million consumers from London to Bucharest.
Prices for allowances that give utilities and factories the
right to pump a ton of carbon dioxide into the atmosphere will
climb 20 percent in the next 12 months, according to Lueder
Schumacher, an analyst at Dresdner Kleinwort in London. The
reason: Governments are handing out fewer certificates in the
three-year program.
Read more at Bloomberg Energy News
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