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Bluenext’s New CO2 Trading System to Protect Against Theft

BlueNext SA, the Paris-based emissions exchange, plans to start a trading system that tracks ownership of spot carbon permits to protect against fraud following a series of carbon-permit thefts last year.

Only permits that can be traced to their source will be allowed to trade in the new market starting May 3, Bluenext said today. ICE Futures Europe, the region’s biggest emissions exchange, has yet to re-open its spot market after Austria, the Czech Republic and Greece reported thefts of permits that may have been re-sold via exchanges to unwitting buyers.