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Europe Ends 3-Month Curbs on CO2 Registries After Thefts

The European Union allowed the Lithuanian carbon registry to reopen tomorrow, bringing back to normal all emission registries in its cap-and-trade system after a string of thefts triggered three months of restrictions.

The European Commission, the EU regulatory arm, closed the registries that track the ownership of emission permits on Jan. 19 after thieves stole more than 2 million permits valued at about 34 million euros ($49 million) at today’s prices. The national carbon trackers were required to demonstrate that their systems were secure from hacking attacks before getting permission to reopen.