Template:M intro emissions EUA theft: Difference between revisions
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A strange artefact of all the carbon emissions allowances master trading documentation is their obsession with ''theft''. What should happen if your emission allowances are, for want of a better word, ''nicked''. | A strange artefact of all the carbon emissions allowances master trading documentation is their obsession with ''theft''. What should happen if your emission allowances are, for want of a better word, ''nicked''. | ||
Now who, in their right mind, would want to steal emissions allowances? What would you do with them? Who would you sell them to? You might well ask: but the upshot is that, over a few months in 2010 and 2011 they did: in several incidents at different registries in different European states. | Now who, in their right mind, would want to steal emissions allowances? What would you do with them? Who would you sell them to? You might well ask: but the upshot is that, over a few months in 2010 and 2011 they did: in several incidents at different registries in different European states.<ref>See Nield, Katherine and Pereira, Ricardo: ''Fraud on the European Union Emissions Trading Scheme: effects, vulnerabilities and regulatory reform''. European Energy & Environmental Law Review 20 (6), pp. 255-289.</ref> | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ Allowances stolen via registry hacks (late 2010/ early 2011) | |+ Allowances stolen via registry hacks (late 2010/ early 2011) | ||
Revision as of 16:06, 13 July 2023
A strange artefact of all the carbon emissions allowances master trading documentation is their obsession with theft. What should happen if your emission allowances are, for want of a better word, nicked.
Now who, in their right mind, would want to steal emissions allowances? What would you do with them? Who would you sell them to? You might well ask: but the upshot is that, over a few months in 2010 and 2011 they did: in several incidents at different registries in different European states.[1]
| National registry | Allowances stolen | Date | Recovered? | Nicker’s location |
|---|---|---|---|---|
| Romania | 1,600,000 | 16th November 2010 | 600,000 | Lichtenstein |
| Italy | 267,911 | 24th November 2010 | unknown | unknown |
| Austria | 488,141 | 10th January 2011 | 488,141 | Lichtenstein and Sweden |
| Czech Republic | 950,000 | 18th January 2011 | 225,001 | Estonia |
| Greece | 300,000 | 18th January 2011 | unknown | unknown |
- ↑ See Nield, Katherine and Pereira, Ricardo: Fraud on the European Union Emissions Trading Scheme: effects, vulnerabilities and regulatory reform. European Energy & Environmental Law Review 20 (6), pp. 255-289.