(Bloomberg) -- European Union carbon-dioxide permits rose to their highest so far this year after Canada proposed to allow its factories and power stations to buy credits that can also be used in the 27-nation bloc.
Emission permits for December 2008 rose as much as 33 cents, or 1.8 percent, to 18.55 euros ($25) a metric ton and traded at 18.40 euros at 9:07 a.m. in Amsterdam, according to the European Climate Exchange. That's their highest since Dec. 29. They've fallen 17 percent in the past year.
Read more at Bloomberg Energy News
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