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Published February 03, 2011, 04:15 PM

EU clears 5 countries to restart emissions trading

BRUSSELS — The European Union says spot trading in carbon emissions permits, which has been shut down for over two weeks due to cyber thefts, will be resumed in five out of 30 countries on Friday.

BRUSSELS — The European Union says spot trading in carbon emissions permits, which has been shut down for over two weeks due to cyber thefts, will be resumed in five out of 30 countries on Friday.

The EU said Thursday that carbon registries — the national authorities that clear transactions — in France, Germany, the Netherlands, Slovakia and the U.K. will reopen Friday morning after proving that their online security was up to date.

On Jan. 19, the EU suspended all spot trading in the continent's emissions trading system following a spate of hacking attacks that resulted in the theft of emissions certificates worth some euro28 million ($39 million).

The emissions trading system is the EU's central tool in its fight against climate change.

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