The European Commission has given five countries approval to re-start carbon trading tomorrow (4 February), following last month’s cyber attacks.

National registries in France, Germany, the Netherlands, Slovakia and the UK will be allowed to resume business from 8am (central European time) tomorrow, according to a Commission statement released this morning.

All national registries were suspended on 19 January, after cyber criminals made off with allowances worth €30 million. After the closure, which only affected the spot market (for credits traded for immediate delivery) and not futures trading, national governments were asked to send the Commission reports on cyber security.

The Commission has promised to give 24 hours’ notice before a national registry can re-open. This means that the EU’s other 22 national registries, plus those of Norway, Iceland and Lichtenstein, which also participate in the European emissions trading system, remain closed for now.

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