The View from Brussels

摘要

Several serious incidents have marred the operation of the EU Emissions Trading Scheme (ETS) and led, in January 2011, the European Commission to suspend trading. Trading under the EU ETS must be made more secure and Cembureau is making recommendations in that respect. In October 2010, some 470,000 allowances (EUAs) were stolen from nine accounts in Germany. Hackers were at it again in January 2011 on a broader scale. This time 3.6 million EUAs were stolen from the registries in Austria, Czech Republic, Greece, Italy and Romania. In total EUAs worth Euro5bn were lost. Such criminal acts have come on top of various VAT carousel frauds committed in relation to the ETS.