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EU Carbon Permits Rises 2.6% to Highest Price Since July 6
2010-08-25 13:22:44.722 GMT
By Mathew Carr
Aug. 25 (Bloomberg) -- Carbon allowances in the European
Union emissions-trading system jumped as United Nations-overseen
regulators crimp supply of some offsets.
EU carbon dioxide permits for December 2010 rose 39 cents,
or 2.6 percent, to 15.35 euros ($19.40) a metric ton on London's
European Climate Exchange, their highest since July 6.
"There are fears of a supply squeeze because of fears
industrial gases will not be allowed to produce Certified
Emission Reduction credits," said Henry Derwent, chief
executive officer and president of the Geneva-based
International Emissions Trading Association (IETA), in an
interview before the Carbon Forum Asia conference.
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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:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
