IETA | International Emissions Trading Association

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

read more..

IETA, the Climate Markets and Investors Association (CMIA), Code REDD, Environmental Defense Fund (EDF) and Global Canopy Programme (GCP) are pleased to announce the release of the REDD+ Declaration. The document represents a common statement from business and environmental groups on the need for a balanced approach to REDD+ financing.

The REDD+ Declaration is available as a PDF here .

Initial IETA reflections on the concept of an “Automatic Adjustment of Auction Volumes” in the EU ETS

An IETA contribution to proposals to make the EU-ETS more resilient to changes in external circumstances.

Executive Summary

IETA is closely engaged in the discussions concerning reform of the EU-ETS and the EU’s framework on climate and energy towards 2030. IETA believes it is of paramount importance for these debates to re-center the EU-ETS as the EU’s central climate policy instrument. Structural improvements to the EU-ETS are closely linked to the EU’s long-term ambition towards 2030. This paper does not reiterate IETA’s vision for a comprehensive EU ETS reform, which have already been outlined in our reply to the European Commission’s consultation in March 2013 and include, better managing the interaction between the ETS and other policy mechanisms, the continued role for international credits, exploring the possibility of output based free allocation and the introduction of a dynamic reserve. This paper focuses on the latter aspect of managing the level of supply of allowances according to changes in demand and offers some criteria and thoughts on how such a mechanism might work in practice should policy makers choose to pursue the idea further. It should be stressed that this reflection paper does not prejudge policy makers’ choice on the need for and means of comprehensive reform and whether or not a mechanism to introduce supply flexibility can or should substitute for such wider reform.

IETA’s response to the European Commission’s public consultation on the policy options for market-based measures to reduce the climate change impact from international aviation, Sept 13, 2013. 

Please find the input here

IETA's input to the UNFCCC on September 2, 2013 highlights the need to begin creating a framework for various approaches (FVA), new market mechanism (NMM) at COP 19 in Warsaw.

Access the input here.

Introduction

IETA welcomes the publication of the green paper on the 2030 climate and energy package, as well as its timing, in the context of parallel on-going discussions on the short-term backloading proposal and the options to structurally reform the EU’s Emissions Trading Scheme (EU-ETS). It is essential to have a debate about 2030 and beyond in order to consider the EU’s commitment and confirm the central role of the EU-ETS to help achieve the long-term emission reduction ambition. We believe these issues are interlinked and should be understood as being complementary to one another.

IETA believes the 2030 Climate and Energy Framework’s primary objective is to reduce greenhouse gas (GHG) emissions in Europe’s economy. We also recognise that the 2030 Climate and Energy Framework should help ensure cost-effective access to energy and maintaining an economically competitive industrial base.  Within this framework, the EU-ETS should be restored as the main policy instrument to reduce GHG emissions cost-effectively. The long-term outlook of this framework should be used as an opportunity to provide long-term signals for the EU-ETS.

Agreeing on a 2030 climate and energy framework as early as possible, and in any case before the UNFCCC international climate negotiations to be held in 2015 in Paris (COP 21) is crucial to provide predictability and clarity to businesses. It is also essential  to help ensure coherence amongst the EU’s different policy strands and consistency with the 2050 decarbonisation goal. Furthermore, it is key to attract investments in Europe.

Download the full Response here