Monthly Archives: January 2011

Confusion over spot carbon trading restart

The future of Europe’s physical carbon trading market has been thrown into doubt, with a planned return to business following a hacker attack now delayed, possibly for weeks. Emissions trading exchanges across the European Union pushed back reopening dates and carbon registries remained closed on Wednesday. The European Commission last week suspended ”spot” or physical trading in emissions permits, which…

Hackers cloud EU emissions trading move

  Exhaust plumes from Jaenschwalde coal-fired power station in Germany, one of the biggest producers of CO2 in Europe The idea behind the European Union’s emissions trading system was to put a price on carbon, the purpose being to pressure industry into reducing the amount of greenhouse gases it spews into the atmosphere. The scheme has drawn plenty of criticism…