Wednesday, May 16, 2007

Carbon Emission Permits Advance to 11-Month High After Italian Grant Cut

(Bloomberg) -- European Union carbon dioxide permits rose to their highest in more than 11 months, a day after the regulator of the emissions trading system curbed a grant of allowances by Italy.

Emission permits for 2008 rose 15 cents, or 0.7 percent, to 20.80 euros ($28) a metric ton, according to broker Spectron Group Plc in London at 8:25 a.m. local time. That's their highest since June 6.


Read more at Bloomberg Energy News

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