Donate today and your gift will be matched dollar-for-dollar by the American Public Media Board.
Missing: $36 million worth of carbon permits
This final note today: The curious case of the missing carbon permits. Europe, as you may know, has an emissions market (cap-and-trade is the term). The whole thing revolves around permits that companies can buy and sell that let them generate more greenhouse gases should they have a need to.
Anyway, the European carbon market has been shut down for at least a week, because computer hackers have stolen $36 million worth of the permits, which are traded electronically.
Before things were brought to a halt, the right to put one metric ton of carbon into the atmosphere was going for 14-and-a-half euros, almost 20 bucks U.S.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Don’t miss this special