Monday, June 4, 2007

Carbon Emission Permits Approach 13-Month High Before Finland Allocation

(Bloomberg) -- European Union carbon-dioxide permits
rose toward their highest in 13 months ahead of a regulatory
decision slated for today that will set out Finland's allocation
of allowances in the five years through 2012.

Emission permits for delivery in December 2008 gained as much
as 62 cents, or 2.6 percent, to 24.50 euros ($33) 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 24.40 euros a ton at
9:15 a.m. in Amsterdam on the European Climate Exchange.


Read more at Bloomberg Energy News

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