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Recent News Headlines - International Emissions Market Issued July 9th 2012
EU Carbon Rises to 4-Month High as Brent Oil Advances - Bloomberg
European Union carbon allowances gained as oil and German-power prices strengthened and the blocs regulators considered a temporary supply cut. EU carbon for December rose 2.3% to close at 8.34 ($10.51) a metric ton, the highest since March 8, on the ICE Futures Europe exchange in London. German electricity for 2013 increased 1% to 48.85 euros a megawatt-hour, according to broker data compiled by Bloomberg. Higher prices can boost the incentive to sell electricity forward, increasing demand for CO2 permits.
First Solar Bonds Financing $4.6 Billion U.S. Panel Boom - Bloomberg
Underwriters from Bank of America Corp. (BAC) to Credit Suisse AG and Citigroup Inc. (C) for the first time are close to converting sunlight into cash to pay bond investors. Similar to asset-backed securities that finance everything from car purchases to college tuition, solar bonds will help fund rooftop power projects that Bloomberg New Energy Finance estimates will need to raise about $4.6 billion next year. Investors will be paid from monthly payments from people with photovoltaic panels atop their homes and businesses.