European Plan on Carbon Doesn’t Provide Enough Certainty, Lobby Says

A European Union proposal to make serial numbers of carbon allowances confidential may worsen trader concerns about potential liabilities arising from handling stolen permits, said a lobby group.

A plan seeking to protect transfers and remove serial numbers “does not provide enough certainty” and is opposed by “many” unspecified member states, Miles Austin, director of the Carbon Markets & Investors’ Association, said today in an e- mailed statement. “The underlying risk of potentially facing legal consequences when unknowingly handling stolen allowances or credits is not appropriately addressed.”

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Alessandro Vitelli at avitelli1@bloomberg.net

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