(Bloomberg) -- European Union carbon dioxide permits
rebounded from their lowest in 11 weeks as the price of coal
fell, increasing demand for the allowances to burn the fuel at
power plants.
Permits for December 2008 rose as much as 1.9 percent to
19.24 euros ($26.50) a metric ton on the European Climate
Exchange in Amsterdam and traded at 19.05 euros at 3:33 p.m.
local time. They earlier dropped as much as 3.9 percent to their
lowest since April 27.
Read more at Bloomberg Energy News
rebounded from their lowest in 11 weeks as the price of coal
fell, increasing demand for the allowances to burn the fuel at
power plants.
Permits for December 2008 rose as much as 1.9 percent to
19.24 euros ($26.50) a metric ton on the European Climate
Exchange in Amsterdam and traded at 19.05 euros at 3:33 p.m.
local time. They earlier dropped as much as 3.9 percent to their
lowest since April 27.
Read more at Bloomberg Energy News
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