EU Suspends Emissions Trading After up to $38 Million is Stolen

In an unprecedented move, the European Commission has suspended all spot trading for the European Union’s (EU) Emissions Trading Scheme (ETS) following a series of major cyber-theft incidents totalling up to €28 million ($38 million).   The spate of cyber thefts has taken place in up to five countries. Some 500,000 certificates worth about €7 million have been stolen from accounts in Czech Republic. An additional total of 1.5 million certificates may have been stolen from the trading systems of Austria, Estonia, Greece and Poland. An...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers