🖤 Donations of all sizes power our public service journalism Give Now
News In Brief

Missing: $36 million worth of carbon permits

Kai Ryssdal Jan 20, 2011

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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.