Thursday, May 10, 2007

Emission Permits May Surge 50 Percent by 2009, Dresdner Kleinwort Predicts

(Bloomberg) -- European Union carbon-dioxide permits may surge as much as 50 percent by 2009, Lueder Schumacher, an analyst at Dresdner Kleinwort, said in a research note.

``In 2008 and 2009, prices could well advance towards 30 euros ($41) a ton again,'' London-based Schumacher said in the note dated yesterday and circulated today. The investment bank maintained its forecast for average prices in the five years through 2012 of 19.50 euros a ton. Schumacher wasn't immediately available for comment today.


Read more at Bloomberg Energy News

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