EU Sets New Safeguards For Carbon Trading

Author:
First published in Sanctuary Asia, Vol. 31 No. 6, June 2011

 

The European Commission said Friday that the new regulation would make fraud more easily to detect and resolve, by strengthening checks of traders and delaying certain transactions.

 

In January, the European Commission was forced to suspend spot trading in emission certificates after cyber thieves hacked into carbon accounts in five states and stole some 2 million allowances valued at about euro30 million ($42.8 million). Read the full report here.

 

Source: Bloomberg, Businessweek, Brussels.

join the conversation