European Union emission allowance (EUA) prices rose in August, taking support from broad strength in the underlying energy complex. EUAs for December 2012 delivery under the EU Emissions Trading System climbed to €8.20/metric ton ($10.30/mt) Aug. 24, up from €6.97 Aug. 1—a rise of €1.23 or 17.6%. The gains came amid strength in the main energy benchmarks in Europe. German Cal 13 baseload power prices climbed as high as €50.25/megawatt-hour Aug. 23, up from €48.60 on Aug. 1. U.K. ...
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