REAL ISSUES

Europe: €30M In Carbon Permits Stolen

January 24, 2011

From Sox First

european-carbon-permits-stolen

€30 Million in carbon permits were stolen in Europe earlier this month

It was only a matter of time before the carbon market, one of the fastest growing and most lucrative in Europe, was hit by organised crime. Now we have reports that crooks have stolen almost €30 million of carbon permits in Europe and they did it by hacking into computers.

The report says: “As a result, most trading within the EU’s 30 registries for greenhouse-gas emissions have been suspended until 26 January. The decision was taken after a Czech account holder found his account had been hacked and that €7 million of allowances had gone missing. Commission officials believe attacks on registries in Austria, the Czech Republic, Estonia, Greece and Poland, which occurred over the past five days, were co-ordinated.”

Such a level of co-ordination can mean only thing: it was organized crime. It’s a warning for all other countries moving towards cap and trade schemes. Security will have to be beefed up.

Short URL: http://realissues.us/?p=1851

Posted by on Jan 24 2011. Filed under Crime & Justice, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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