Monday, July 16, 2007

EU Carbon Emission Permits Fall to 10-Week Low as Allocations Are Raised

(Bloomberg) -- European Union carbon dioxide permits
fell to their lowest in more than 10 weeks after the European
Commission raised the allocation of emission allowances for Ireland
and Latvia and traders swapped United Nations credits.

The July 13 decision increases the total number of permits
allocated by 1.08 million metric tons of carbon dioxide a year.
Permits for December 2008 fell 84 cents, or 4.2 percent, to 19.05
euros ($26.24) a ton at 4:55 p.m. local time on the European
Climate Exchange in Amsterdam. They traded as low as 18.71 euros,
their lowest since May 3.


Read more at Bloomberg Energy News

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