Spot-Trading Halt Entering Second Week as EU Tests CO2 Security
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The trading halt in spot carbon markets is poised to enter its second week as the European Union waits for proof that carbon databases in 30 nations are secure.
The European Commission, regulator for the world’s biggest emissions market, said last week it was suspending the registries that keep tabs on permits until at least 7 p.m. Brussels time. The move, imposed as the EU estimated as many as 2 million permits valued at 29.5 million euros ($40.3 million) were lost in computer-hacking attacks, halted about a fifth of the European carbon market.