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Send messageEuropean Union Allowances (EUAs) rose to a 10-week high on Thursday while Certified Emission Reductions (CERs) to a 4-month high.
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Reuters reports that about 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming.
Read moreArgus reports that Germany's Deutsche Bank expects the European Commission to produce “concrete proposals” regarding the planned quality restrictions of post-2012 use of certified emission reduction (CER) credits from industrial gas projects this autumn.
Read morePrices of European Union Allowances (EUAs) moved slightly higher on Wednesday despite weaker German power and amid stronger crude oil.
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The European Climate Exchange (ECX) traded over 394 million tonnes of CO2 in August, a 39% year-on-year increase.
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Traded volumes in European Union carbon permits fell by a third last month compared to July, while transactions in Kyoto carbon offsets jumped by 34 percent, Point Carbon said on Wednesday, according to Reuters.
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