Markets May Be ‘Significantly Harmed’ by CO2 Theft, Traders Say

Europe’s emissions markets may be “significantly harmed” unless regulators set a deadline for fixing the security flaws exposed by carbon thieves, the International Emissions Trading Association said.

The 30 registries that track ownership of emission allowances in Europe were closed for a ninth day, preventing prompt trading even as futures markets remain open. About 29 million euros ($40 million) of permits are missing in a series of hacking attacks, according to figures announced last week by the European Commission, which regulates the world’s largest greenhouse gas market by traded volume.