co2 market now turning down a bit
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EU Carbon Rises After German Power Gains Most in Two Months
2010-07-30 07:31:53.606 GMT
By Mathew Carr
July 30 (Bloomberg) -- European Union carbon-dioxide
allowances rose to their highest level in a week after German
power yesterday gained the most since May 24.
EU permits for December increased as much as 14 cents, or 1
percent, to 14.16 euros ($18.50) a metric ton on London's
European Climate Exchange, the highest price since July 23. They
were at 14.13 euros at 8:27 a.m. local time and have risen 13
percent in the year to date.
German baseload power for next year, a European benchmark,
gained 25 cents, or 0.5 percent, to 50.75 euros a megawatt-hour,
according to broker prices on Bloomberg. The contract jumped 2
percent yesterday. Higher power prices can boost the incentive
to sell forward, increasing demand for emission permits. The EU
carbon market is the world's biggest.
For Related News and Information:
Emission market news NI ENVMARKET <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Rob Verdonck, Raj Rajendran
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
