CO2 Emission Trading Began in the EU

CO2 Emission Trading Began in the EU

The European market for CO2 emission permits, closed from 19th of January in the entire European Union due to fraud, opened on Friday in five EU countries. France, Germany, Netherlands, Slovakia and the United Kingdom gave reasonable assurances that security measures were introduced. Trade permits to emit carbon dioxide were suspended on 19th of January

The European market for CO2 emission permits, closed from 19th of January in the entire European Union due to fraud, opened on Friday in five EU countries.

France, Germany, Netherlands, Slovakia and
the United Kingdom gave reasonable assurances that security measures were
introduced. Trade permits to emit carbon dioxide were suspended on 19th
of January following due to the hacked system in the Czech Republic and is
calculated over seven million Euros of theft of trading permits. Hacker attacks
were recorded in the accounts for trading in Austria, Greece, Estonia and
Poland.

On Friday, the European media wrote that the
Czech authorities have found 1.36 million stolen permits in Estonia, Germany
and the UK. The Czechs are now seeking assistance from the European Commission
in order to prevent any further trading in stolen permits when the market
reopened.

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