(Bloomberg) -- European Union carbon dioxide
permits declined as the cost of U.K. natural gas fell, making
the fuel more profitable for power generators. Natural gas emits
half the carbon dioxide produced by burning coal.
Permits for December 2008 fell 2.3 percent to 18.80 euros
($26.06) a metric ton at 10:49 a.m. local time on the European
Climate Exchange in Amsterdam. They traded at an 11-week low of
18.65 euros a ton on July 16.
Read more at Bloomberg Energy News
permits declined as the cost of U.K. natural gas fell, making
the fuel more profitable for power generators. Natural gas emits
half the carbon dioxide produced by burning coal.
Permits for December 2008 fell 2.3 percent to 18.80 euros
($26.06) a metric ton at 10:49 a.m. local time on the European
Climate Exchange in Amsterdam. They traded at an 11-week low of
18.65 euros a ton on July 16.
Read more at Bloomberg Energy News
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