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.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.