Feeds

Utilities turn in blacklisted carbon emission credits

More fallout from high profile cyber-heists that shut registries across Europe

Protecting against web application threats using SSL

More prominent power generation outfits have surrendered stolen carbon emission permits after realising that they had inadvertently purchased illicit goods.

German utility Eon and Frankfurt-based infrastructure provider Infraserv turned in a collective total of 27,100 blacklisted EUAs (EU Emission Allowances). The certificates were among 186,500 EUAs and 46,000 certified emissions reductions (CERs) fraudulently obtained from German paper manufacturer Drewsen Spezialpapiere via a high-profile phishing scam late last year.

"Eon Energy Trading acquired and surrendered the EUAs in question in good faith," an Eon spokesman told Thomson Reuters Point Carbon (story - subscription required).

The phishing scams and other security problems led to the closure of carbon trading exchanges across Europe in January. Cybercrooks stole permits worth an estimated €30m ($41 million) in allowances in a string of attacks. Roughly 2.78 million of the estimated 3.3 million blacklisted EUAs remain in circulation.

Energy giants ScottishPower and RWE were among five firms identified earlier this week as the unwitting recipients of stolen emission permits. The stolen allowance came from scam involving thefts from accounts maintained from carbon registries in Italy, Romania and the Czech Republic.

There is no suggestion any of the seven firms did anything wrong. It seems that corrupt intermediaries bought permits from phishing fraudsters before fencing these permits to unwitting sellers. Although they can't be traded, the blacklisted EUAs remain eligible for compliance use, Thomson Reuters Point Carbon adds.

Carbon-trading registries represent an attempt to apply a market-based solution towards limiting carbon emissions. Polluters are able to buy and sell emission credits as part of a cap-and-trade system designed so that cleaner factories and energy generation facilities pay less.

Both free market economists and green activists hate the system, albeit for different reasons. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Jihadi terrorists DIDN'T encrypt their comms 'cos of Snowden leaks
Intel bods' analysis concludes 'no significant change' after whistle was blown
Home Depot: 56 million bank cards pwned by malware in our tills
That's about 50 per cent bigger than the Target tills mega-hack
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Critical Adobe Reader and Acrobat patches FINALLY make it out
Eight vulns healed, including XSS and DoS paths
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.