EU Reopens Spot Carbon Market

The European Union’s spot carbon market has reopened after cyber attacks forced a closure of three weeks.

The European Union’s (EU) spot carbon market has reopened after cyber attacks forced a closure of three weeks, Financial Times reports. Paris-based Bluenext and European Energy Exchange (EEX), which resumed next-day trading of carbon emissions permits, recorded a single trade between them in the first three hours of business.

The European Commission sealed spot carbon trade on Jan. 19, 2011 in its emissions trading scheme after emissions permits worth over €45 million were allegedly stolen from registry accounts, adds Reuters. ICE Futures Europe, GreenX and LCH.Clearnet have continued to remain closed to spot carbon trading.

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