Analysis: EU carbon theft knocks dream of global market

Reuters
"The EU on Wednesday halted spot trade for one week after the theft of emissions permits worth up to 30 million euros ($40.2 million) and said on Thursday that the new problem could be resolved cheaply and swiftly.

But the theft, possibly a concerted hacker attack, added to clouds gathering around the global future of carbon markets. The latest in a string of scandals, it added to factors discouraging other countries from adopting similar cap and trade systems. ....The EU thefts follow other scandals to derail the carbon market in the past two years, including the re-sale of used offsets, VAT fraud, hacking and an email phishing attack."