Hackers attacked Europe carbon registries - report

 

Carbon trading registries in half of Europe have been hit by hackers, who broke security systems to steal emissions rights certificates from companies to sell them on, the Financial Times Deutschland (FTD) newspaper reported, citing officials.

"There has been a highly professional attack," a spokesman for the German carbon registry DEHSt was quoted as saying.

Carbon trading under the EU's Emissions Trading Scheme has not been impaired by the case which is now being investigated by the Federal Office of Criminal Investigation, the newspaper said.

An email phishing scam forced several European emissions registries to close temporarily after a suspect email was sent to market participants requesting their account details, traders said.

Traders said the scam didn't affect the market, but they said they had received warning emails after the European Commission advised registries to notify account holders.

Registry entries denoting ownership changes of carbon certificates have not been possible since last Friday (29th Jan) and this would remain the case for the rest of the week at DEHSt, the newspaper said.

It said it was planned that the current transactions would be officially added later.

Related national registries - which, under EU law, administer the allocation and handling of emissions rights in their countries - in Belgium, Denmark, Spain, Hungary, Italy, Greece, Romania and Bulgaria have also been contacted.

The paper said the size of damages could not be estimated at this stage.

The trading scheme has already proved to be vulnerable to tax fraud.

The newspaper also said that Norway, Austria and the Netherlands responded within hours and had reopened their registries.