(Bloomberg) -- European Union carbon dioxide permits
for 2008 fell near a two-month low after the European Commission
raised the allocation of emission permits for Ireland and Latvia in
the five years through 2012, increasing supply.
The commission, the regulatory arm of the EU, has ruled on the
requests for allocations of 22 out of the EU's 27 member nations.
It forced an average cut of 9.4 percent for a total of 1.898
billion metric tons a year, according to a statement on July 13.
Read more at Bloomberg Energy News
for 2008 fell near a two-month low after the European Commission
raised the allocation of emission permits for Ireland and Latvia in
the five years through 2012, increasing supply.
The commission, the regulatory arm of the EU, has ruled on the
requests for allocations of 22 out of the EU's 27 member nations.
It forced an average cut of 9.4 percent for a total of 1.898
billion metric tons a year, according to a statement on July 13.
Read more at Bloomberg Energy News
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