News Archive Article

CEZ loses carbon credits in cyber attack

CZECH REPUBLIC - Czech power group CEZ said it had detected two unauthorized transfers of its emissions permits, totaling 700,000, in a recent cyber attack on the Czech registry.

CEZ said it had made a claim with Czech market operator OTE but had yet to receive a response. It has also filed a criminal report.

Czech newspaper Mlada Fronta Dnes reported that the stolen permits were valued at 240 million Czech crowns US $13.6 million. CEZ declined to confirm the report pending an investigation.

"We believe the entire situation will soon be resolved," CEZ said in a statement. "In view of the ongoing investigation though, we are not going to disclose any further details."

The Czech carbon registry closed for an indefinite period after data of account holders was manipulated and EU allowances vanished.

The European Union froze spot trading in the carbon market after the security breach, which saw the theft of at least 7 million euros US $9.6 million of emissions permits from the Czech Republic's carbon registry.

Related News

net zero power grid

Can Canada actually produce enough clean electricity to power a net-zero grid by 2050?

TORONTO - By Merran Smith and Mark Zacharias

Canada is an electricity heavyweight. In addition to being the world’s sixth-largest electricity producer and third-largest electricity exporter, Canada can boast an electricity grid that is now 83 per cent emission-free, not to mention residential electricity rates that are the cheapest in the Group of Seven countries.

Indeed, on the face of it, the country’s clean electricity system appears poised for success. With an abundance of sunshine and blustery plains, Alberta and Saskatchewan have wind- and solar-power potential that rivals the best on the continent. Meanwhile, British Columbia, Manitoba, Quebec, and Newfoundland and Labrador…

READ MORE
solar panels

Data Show Clean Power Increasing, Fossil Fuel Decreasing in California

READ MORE

UK wind power

Green energy could drive Covid-19 recovery with $100tn boost

READ MORE

electric cement

Electrifying: New cement makes concrete generate electricity

READ MORE

ontario-ev-jobs-boom

Ontario's EV Jobs Boom

READ MORE