(Bloomberg) -- European Union emission permits fell
to their lowest in more than a month as Germany proposed to hold
auctions by the end of this year and traders sold permits after
prices gained more than 75 percent since February.
Emission permits for delivery in December 2008 dropped as
much as 1.30 euros, or 5.9 percent, to 20.60 euros ($28) a
metric ton, according to the European Climate Exchange in
Amsterdam. That's the lowest price for the benchmark permits
since May 15. They were at 21.20 euros at 12:56 p.m. local time.
The contract sank to a record low of 11.80 euros on Feb 20.
Read more at Bloomberg Energy News
to their lowest in more than a month as Germany proposed to hold
auctions by the end of this year and traders sold permits after
prices gained more than 75 percent since February.
Emission permits for delivery in December 2008 dropped as
much as 1.30 euros, or 5.9 percent, to 20.60 euros ($28) a
metric ton, according to the European Climate Exchange in
Amsterdam. That's the lowest price for the benchmark permits
since May 15. They were at 21.20 euros at 12:56 p.m. local time.
The contract sank to a record low of 11.80 euros on Feb 20.
Read more at Bloomberg Energy News
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