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EU Carbon Permits Decline After Record UN Distribution Yesterday
2010-11-30 08:37:49.62 GMT
By Mathew Carr
Nov. 30 (Bloomberg) -- European Union carbon allowances
dropped to their lowest level in 13 days after the United
Nations handed out a record volume of credits yesterday,
boosting supply.
Permits for December dropped as much as 2.2 percent to
14.62 euros ($19.14) a metric ton and were at 14.69 euros a ton
as of 8:37 a.m. in London on the ICE Futures Europe exchange.
They fell 0.9 percent yesterday and are up 17 percent in the
year to date.
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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:
Rob Verdonck at +44-20-3216-4149 or
rverdonck@bloomberg.net
