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Tracing stolen EU ETS allowances – playing a losing game? / Sabina Manea, lawyer, London School of Economics, Climatico, 18/10/2011http://www.climaticoanalysis.org/post/tracing-stolen-eu-ets-allowances-%E2%80%93-playing-a-losing-game/In anticipation of the centralised European registry for the EU ETS the Commission has turned its attention to the legal issues surrounding the traceability of stolen emissions allowances. The approach taken is deferential to the national laws of individual Member States rather than providing a harmonised EU-wide rule. However, the Commission’s proposals have done little to address the risks faced by market participants if found to be unwittingly holding stolen allowances. This is not particularly helpful for the overall health of the emissions market...