why this strength folks? what's the best reason?...today story attached --yesterday closer below EU Carbon-Dioxide Permits Advance as Global Equities Rally
By Mathew Carr
Sept. 1 (Bloomberg) -- European Union carbon-dioxide
allowances rose as global equities surged the most since May.
EU permits for December rose 12 cents to 15.39 euros
($19.69) a metric ton on London's European Climate Exchange as
of 5:45 p.m. local time. They were as low as 15.15 euros earlier
today, their cheapest since Aug. 25. The MSCI World Index
climbed 2.7 percent, its biggest increase since May 27.
Emissions output is linked to economic activity.
The ECX, the biggest exchange for carbon trading, handled
394 million tons of permits in August, 39 percent more than last
year and 25 percent less than in July, according to an e-mailed
statement from the exchange.
For Related News and Information:
Top Power Stories: PTOP<GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
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European Carbon-Dioxide Permits Advance to Highest in a Week
2010-09-02 07:45:47.66 GMT
By Mathew Carr
Sept. 2 (Bloomberg) -- European Union carbon-dioxide
allowances rose to their highest in a week.
EU permits for December rose as much as 12 cents to 15.51
euros ($19.84) a metric ton on London's European Climate
Exchange, the highest price since Aug. 26, and were at 15.45
euros as of 8:30 a.m.
For Related News and Information:
Top Power Stories: PTOP <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Stephen Cunningham, Randall Hackley.
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 on +44-20-7073-3520 or sev@bloomberg.net
