CO2

Hackers steal €200 million of carbon credits

Published on 21 January 2011 at 11:14

Libération reportsthat hackers have stolen a huge haul of carbon credits from a number of European countries. There was "no forced entry. No safes were attacked with explosives… But a substantial quantity of pollution rights in national registers" were removed from the accounts of major Austrian, Greek, Czech, Polish and Estonian companies. According to the European Commission, in the raid, which was finally discovered on 19 January, the online fraudsters made off with carbon credits for three million tonnes of CO2 worth 200 million euros. "The latest break-in will further undermine the credibility of the emission allowance trading scheme," writes Libération. Over the last three years, the market, which "was launched by the EU in 2005 to reduce the level of industrial greenhouse gas emissions," has regularly been targeted by cybercriminals.

Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic