6/11/11, "Poland to Sue EU Commission Over Climate Rules, Rz.pl Says," Bloomberg, SF Gate
"Poland will sue the European Commission over regulations to allocate free carbon-dioxide permits to companies, daily Rzeczpospolita reported, citing Economy Minister Waldemar Pawlak.
Poland will argue the commission exceeded its remit and doesn't account of the fuel needs of a number of EU companies, leading in some cases to a
- significant increase in costs from 2013, the newspaper said.
The EU's emissions trading system is the lynchpin of the bloc's efforts to cut the greenhouse gases blamed for climate change. Poland generates about 95 percent of its energy from coal, which emits about twice as much carbon dioxide as natural gas.
The commission's rules are "harmful for Polish entrepreneurs," Pawlak told the newspaper. "Polish businesspeople can't be treated worse on the basis of some
- arbitrary decision by the European Commission."
6/1/11, "World Bank warns of 'failing' international carbon market," Guardian UK, Fiona Harvey
"If the EU meets its target of improving energy efficiency by 20% by 2020, then the price of carbon permits under its trading system is likely to fall dramatically. This will in turn make it less financially attractive for companies to invest in low-carbon technologies."..
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1/21/11, "European Carbon Exchange Closed After £6m Theft," eweekEurope.co.uk, E. Doyle
"Virtual bank robbers stole €7 million in carbon credits, breaking the green exchange
The European carbon trading market has been suspended for a week after two million carbon credits worth €7 million (£6 million) were stolen by hackers.
The temporary closure, after repeated security breaches, marks a serious failure for the trading system, which is part of a European strategy to provide incentives for utilities to reduce their use of fossil fuels. Carbon trading schemes rely on moves to increase the price of carbon, but create a new currency with
- new opportunities for fraud.
A spokeswoman for the EU said that 14 of the 27 national trading registries need to boost their online protection “to minimum standards”."...
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10/8/10, "Murder on the Carbon Express: Interpol Takes On Emissions Fraud," Mother Jones, M. Schapiro
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7/16/10, "Carbon Trading Used as Money-Laundering Front," Jakarta Globe
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