IETA | International Emissions Trading Association

Deal reached amongst European institutions shifts focus to a global agreement on aviation in ICAO.

The International Emissions Trading Association (IETA) supports a global solution for reducing greenhouse gas emissions from the aviation sector. The political agreement tentatively reached by European institutions is a step that would encourage and facilitate progress in reducing emissions through a market-based mechanism at the international level.

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IETA welcomes the timeliness of the publication of the Commission’s Communication on putting in place a policy framework for climate and energy for the 2020-2030 period. This document starts the process to provide clarity on the trajectory post-2020 for the EU’s climate and energy policies. Such clarity is important to businesses that need a stable and predictable framework in which to operate.

IETA will work on reviewing the impact of this Communication for carbon markets, over the coming weeks. This paper represents a preliminary reaction from market participants to the 22 January publications.

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February 27 2014

Honourable Ministers,

At the European Council meeting in March, the Heads of State will discuss the EU’s proposed Framework for putting in place a Climate and Energy strategy for the post-2020 period. As the former Chairman of the White House Climate Change Task Force in the Clinton administration, I appreciate the gravity of the decisions you must make on this critical issue. I would like to share a few important considerations on behalf of the 140 members of IETA, who are active in Europe’s Emissions Trading Scheme (ETS) and carbon markets worldwide.

First, we applaud Europe’s global leadership in implementing an emissions trading solution to climate change.  The ETS met its environmental targets and allowed industry flexibility to keep costs down and remain competitive - even though the economic crisis has dampened demand.  The ETS has inspired other jurisdictions – from California to Australia to China – to begin implementing their own carbon pricing programmes.

Brussels, Belgium - The International Emissions Trading Association (IETA) is concerned with the objection to the backloading calendar and the uncertainty this creates for market participants 

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A view on the different design considerations for introducing flexibility in the supply of allowances 

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IETA Members welcome the non-paper from the European Commission, which  provides clarity on the expected timetable for the implementation of backloading.

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