The European Commission is going to prepare new guidelines for the national carbon registries after the news that about €3-million worth of allowances had been stolen in a series of cyber attacks. Seventeen registries are believed to have been targeted by the attackers, with the German one losing about 250,000 allowances. The attackers have proven another vulnerability of the current set up of carbon registries, after last year’s evidence that about €5 millions of VAT taxes were left unpaid thanks to a sequence of transactions across different registries.

Climate Polcy News

• This news is extracted from the Climate Policy News : a CMCC weekly column that summarises the latest news on international climate change agreements, the updates on the carbon market and the energy and technology updates in the realm of climate change. Go to the web page and see all previous issues since March 2007.
• This week: Hackers attack EU ETS carbon registries; Wind power capacity up in 2009; EU shows AAU surplus in 2008; Copenhagen Accord pledges enough?; Obama announces plan-B measures; CCX helps South Korea carbon market; the carbon market. – Download the February 2-7, 2010 Newsletter [pdf – 121 Kb]