Tuesday, July 17, 2007

European Emission Permits Fall to 11-Week Low as Traders Swap UN Credits

(Bloomberg) -- European Union carbon dioxide
permits fell to their lowest in 11 weeks, as traders exchanged
them for cheaper United Nations credits.

Permits for December 2008 fell 43 cents, or 2.3 percent, to
18.45 euros ($25.43) a metric ton on the European Climate
Exchange in Amsterdam at 9:33 a.m. local time, after falling to
18.40 euros, their lowest since April 30.


Read more at Bloomberg Energy News

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