Tuesday, July 10, 2007

EU Emission Permits for Next Year Decline After Forecast of Lower Prices

(Bloomberg) -- European Union carbon dioxide permits
fell near a two-month low after ICF International Inc. said they
may drop to less than half their current value because industry
will curb its greenhouse-gas emissions.

ICF said permits may fall as low as 8 euros ($10.92) a metric
ton through 2012. Permits for delivery in December 2008 dropped as
much as 43 cents, or 2 percent, to 20.69 euros a metric ton and
traded at 20.81 euros a metric ton at 1:52 p.m. in Amsterdam,
according to prices from the European Climate Exchange.


Read more at Bloomberg Energy News

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