News you may have missed: Euro carbon trading suspended after cyber attack

The American mainstream media has for the most part overlooked news that the European Union's emissions trading scheme has been suspended for at least a week after cyberattackers stole millions of dollars worth of EU carbon allowances. Although NPR reported on it this morning--which is how I learned about it.

I don't know what the thieves will do with the credits, it's not like you can trade them in for cash. The allowances come with serial numbers, so reslling them is at best problematic.

They appear to be worthless--just like cap and trade schemes.

The blogosphere has for the most part ignored the carbon cool-down, but Bluegrass Pundit found it newsworthy.

Technorati tags: environment news green cap and trade carbon europeeuropa