Yest/ EU Carbon-Dioxide Allowances Increase Along With Natural Gas

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EU Carbon-Dioxide Allowances Increase Along With Natural Gas
2010-12-29 17:52:27.701 GMT

By Ewa Krukowska and Catherine Airlie
Dec. 29 (Bloomberg) -- European Union carbon permits rose
as higher prices for natural gas helped boost demand for
emission rights.
EU permits for December 2011 gained 1.3 percent to 14.28
euros ($18.82) as of 5:30 p.m. on the ICE Futures Europe
exchange in London on the first day of trading after the
Christmas holidays.
U.K. natural gas for delivery next summer, the six months
through September 2011, rose 3.3 percent to 55 pence a therm,
according to broker prices compiled by Bloomberg. Higher gas
prices may prompt some power utilities to burn more coal, which
requires about twice as many carbon permits as gas-powered

For Related News and Information:
Emission market news NI ECREDITS <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
Sustainability, environmental indexes SEI <GO>

--Editor: Mike Anderson

To contact the reporter on this story:
Ewa Krukowska in Warsaw at +48-22-433-44-70 or
ekrukowska@bloomberg.net or
Catherine Airlie at +44-20-7073-3308 or

To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net