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EU carbon rises on back of UK natgas gains

Wed, 09/22/2010 - 11:24am
Reuters

LONDON (Reuters) - European carbon emissions futures rose 1 percent on Wednesday after a slow start to trading, as British natural gas prices surged.

EU Allowances for December delivery rose 14 cents or 0.94 percent to 15.05 euros ($20) a tonne at 1321 GMT, with volume at 3,264 lots traded.

EUAs were largely flat in earlier trade but started to rise as volume built up and UK gas prices climbed.

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