Thursday, 31 May 2007

Carbon Emission Permits Are Little Changed After Sinking to Two-Week Low

(Bloomberg) -- European Union carbon-dioxide permits
were little changed after reaching a two-week low as a drop in
natural-gas prices made it profitable to burn the cleaner fuel
in the U.K. next summer.

Emission permits for delivery in December 2008 fell as much
as 1.82 euros, or 7.9 percent, to 21.15 euros ($28) a metric
ton, according to prices from the European Climate Exchange in
Amsterdam. That's their lowest since May 17. They closed at
23.05 euros, little changed from yesterday, when they fell 8.7
percent.


Read more at Bloomberg Energy News

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