By Catherine Airlie and Mathew Carr
Nov. 4 (Bloomberg) -- European Union carbon-dioxide prices
fell to their lowest level in more than two months after the
U.K. sold allowances at auction, boosting supply.
EU emission permits for December fell as much as 28 cents,
or 1.9 percent, to 14.41 euros ($20.54) a metric ton on London's
European Climate Exchange, the lowest price since Aug. 19. They
were at 14.53 euros a ton at 1:17 p.m. EU permits for delivery
tomorrow fell as much as 1.5 percent to 14.44 euros a ton.
The U.K., Europe's second-biggest emitter, sold 4.4 million
tons of spot permits for 14.51 euros a ton at the auction, the
cheapest price in the past five auctions. The nation received
5.9 times more bids than allowances, the lowest level for the
last three auctions.
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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
