(Bloomberg) -- European Union emission permits rose
to their highest in a week, on speculation demand from proposed
German power stations will exceed the permits set aside by the
national government, a Deutsche Bank AG analyst said. Rising power
prices helped push permits higher.
EU carbon dioxide emission permits for December 2008 gained
93 cents, or 4.3 percent, to close at 22.36 euros ($30.11) a metric
ton on the European Climate Exchange in Amsterdam. They earlier
traded as high as 22.60 euros a ton, their highest since June 21.
Read more at Bloomberg Energy News
to their highest in a week, on speculation demand from proposed
German power stations will exceed the permits set aside by the
national government, a Deutsche Bank AG analyst said. Rising power
prices helped push permits higher.
EU carbon dioxide emission permits for December 2008 gained
93 cents, or 4.3 percent, to close at 22.36 euros ($30.11) a metric
ton on the European Climate Exchange in Amsterdam. They earlier
traded as high as 22.60 euros a ton, their highest since June 21.
Read more at Bloomberg Energy News
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