(Bloomberg) -- European Union carbon dioxide emission
permits rose for the fourth consecutive day on speculation
utilities in the region will have to buy more contracts to comply
with pollution regulations.
Permits for December 2008 climbed as much as 45 cents, or 2.2
percent, to 20.52 euros ($28) a metric ton on the European Climate
Exchange in Amsterdam. The contract, poised for its biggest weekly
advance since May, traded at 20.30 euros at 1:44 p.m. local time.
Read more at Bloomberg Energy News
permits rose for the fourth consecutive day on speculation
utilities in the region will have to buy more contracts to comply
with pollution regulations.
Permits for December 2008 climbed as much as 45 cents, or 2.2
percent, to 20.52 euros ($28) a metric ton on the European Climate
Exchange in Amsterdam. The contract, poised for its biggest weekly
advance since May, traded at 20.30 euros at 1:44 p.m. local time.
Read more at Bloomberg Energy News
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