European Union governments have backed new safeguards for the trading of carbon emissions certificates, after cyber thefts earlier this year undermined the bloc's main tool in the fight against climate change.
The European Commission said Friday that the new regulation would make fraud more easily to detect and resolve, by strengthening checks of traders and delaying certain transactions.
In January, the European Commission was forced to suspend spot trading in emission certificates after cyber thieves hacked into carbon accounts in five states and stole some 2 million allowances valued at about euro30 million ($42.8 million).
The commission said lax safety standards in some national registries, which track ownership of the certificates, allowed the attacks to happen.
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