EU locks carbon market after security breach

The European Union locked all accounts in its carbon market on the 19.01.2011 after a security breach, seeking to protect the battered reputation of the EU’s main weapon against climate change. The European Commission suspended much of its Emissions Trading Scheme, the hub of a 92-billion-€ global market, following the suspected theft of about seven million € of emissions permits from the Czech Republic’s carbon registry.

 

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