Sceptre International Group Limited News – EU clears Portugal to restart carbon registry

Portugal has become the latest country to receive approval to restart normal trading within the European Union’s Emissions Trading Scheme (ETS) as Brussels officials try to increase security levels in the wake of last month’s cyber attack.

125px-Flag_of_Portugal.svg The European Commission announced this morning that Portugal’s carbon registry  will resume operations tomorrow morning after officials approved an independent report confirming that every company holding allowances in Portugal’s registry has an adequate level of online protection.

“With the report submitted, Portugal has given reasonable assurances that the minimum security requirements are in place. Therefore, the national registry will resume normal operations on 11 February 2011 at 8am CET,” the commission said in a statement.

Portugal will be the sixth carbon registry to reopen after the UK, France, Germany, the Netherlands and Slovakia reopened their registries last week.

The EU has said that it needs to sanction each of the 27 member states to reopen their registries and resume spot trading after it ordered a complete closure of the registries following a cyber attack last month which saw an estimated €30m (£25m) of carbon credits stolen from the Czech national carbon registry.

The commission said more member states are expected to submit reports demonstrating imporved levels of security in the coming days.


Sceptre International’s talented team of professionals will be happy to talk through all investment opportunities with you and build a winning portfolio for the future.
Visit our website for more information:

This entry was posted in Carbon Trading, Sceptre International Group Limited, Sceptre International Group News, and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s