EUA theft could severely damage carbon market, say analysts

Last month’s theft of carbon allowances was a blow to the European Union’s efforts to develop the carbon market. Katie Holliday reports on the expected extent of the damage

Online fraud

The carbon market suffered a blow on January 18 when news broke that up to €30 million ($41 million) worth of European Union Emissions Allowances (EUAs) had been stolen by hackers from Czech, Austrian and Greek registries, exposing the vulnerability of this emerging market.

Market analysts say this case of fraud is one of the worst this market has seen: "This incident is extremely bad. We've had attacks like this before and it seems to happen over and over again. Over time, the European

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