EU to Hold Consultations on Stolen Carbon Allowances in March
The European Union executive will hold consultations with stakeholders about security measures for national carbon registries and addressing the issue of emission allowances stolen in computer-hacking attacks.
The European Commission also will shortly propose a modification to the EU regulation on registries that keep tabs on pollution permits “to give a stronger legal basis for measures to protect the integrity of the carbon market and uphold the reputation” of the bloc’s emissions trading system, it said in a statement today.
The EU executive also plans to intensify work to make the EU carbon market subject to appropriate financial markets regulation and will bring forward a public consultation on enhanced carbon market oversight announced in December, according to the statement.
To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net
To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net
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