Template:M intro emissions EUA theft

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]

Allowances stolen via registry hacks (late 2010/ early 2011)
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.

[1] 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.

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