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IETA provides journalists  easy access to current information about carbon trading and many of our other activities.

Press Releases

IETA distributes its press releases and news advisories to all forms of media around the globe. If you are a member of the media and would like to be added to IETA’s distribution list, please contact Cédric Ammann, Communications Officer, at ammann@ieta.org.

The most recent press releases be found below, in reverse chronological order. Older items may be found in our  Press Release Archive.

 


 

ICROA - Additional benefits of carbon offsetting valued at $664 per credit, September 3, 2014

FOR IMMEDIATE RELEASE:
Contact: Sophy Greenhalgh, greenhalgh@ieta.org or tel +44 7967428247

Additional benefits of carbon offsetting valued at $664 per credit

LONDON, 3rd September – Offsetting one tonne of carbon dioxide brings an additional $664 in benefits to the communities where carbon reduction projects are based, according to research published today.

The research, carried out by Imperial College London in partnership with the International Carbon Reduction and Offsetting Alliance (ICROA), demonstrates how purchasing carbon credits  creates economic development opportunities, aids environmental conservation and helps improve people’s lives by delivering household savings, health benefits and improving water resources, among other social benefits.

The amount of carbon reduced by such projects has been rigorously measured and independently verified for many years, but to date there has not been academic research conducted to measure and value the impact of investing in carbon offset programmes beyond reducing emissions. This research finds that each tonne of carbon reduced has additional benefits – such as poverty alleviation, infrastructure development and nature conservation – worth  $664 , meaning that businesses which are voluntarily offsetting their emissions are having a bigger impact than perceived.

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UN Climate Summit to set up role for markets in Paris agreement

 

FOR IMMEDIATE RELEASE

Contact: Katie Kouchakji, kouchakji@ieta.org or +44 7870 600 074

UN Climate Summit to set up role for markets in Paris agreement

GENEVA, 17 September –Next week’s summit of world leaders, hosted by the UN Secretary-General, is a prime opportunity for governments to confirm a role for markets in the 2015 Paris climate agreement through their support or carbon pricing, says the International Emissions Trading Association (IETA).

UN Secretary-General Ban Ki-moon is hosting the one-day Climate Change Summit on 23 September at the UN Headquarters in New York City. The aim of the meeting is to build political momentum for a deal in Paris at the end of 2015. Negotiations begin in earnest in Lima this December, when governments will begin to focus on specific texts for the Paris agreement.

In recent weeks, IETA joined the World Bank in encouraging businesses and governments to support a joint statement for long-term carbon pricing throughout the global economy. The full list of signatories will be presented on 23 September.

“The Joint Statement on Carbon Pricing offers world leaders a golden opportunity to highlight what really matters in mobilising business to reduce emissions,” says Dirk Forrister, President and CEO of IETA. “The market elements of the Paris agreement are essential, because they give businesses incentives to reduce emissions – and allow them to grow and prosper by keeping costs down.”

“Looking at action on the ground around the world, it’s impressive to see governments increasingly turning to market forces to cut emissions,” says Forrister. “The Paris agreement needs to support these efforts and offer a system to link these systems over time.”

About 60 national and sub-national jurisdictions have introduced a carbon price1, and more  carbon markets are under development or close to implementation, including in China, South Korea, Kazakhstan, Turkey, Mexico, Brazil and Costa Rica. Some nations are exploring carbon taxes, but IETA’s strong preference is for emissions trading policies – emissions markets are better at determining pricing than government tax planners, in addition to achieving greater net emission reductions.

“The more governments that back carbon pricing and markets now, the better the chances are that markets will be included in the Paris deal,” continues Forrister. “Business eagerly awaits this signal from leaders next week. The sooner that signal comes, the sooner business will start to invest in the clean technologies of tomorrow, full of confidence that a strong carbon price is on the way.”

Jeff Swartz, IETA’s director of international policy, adds: “The last few years have seen a growing number of new emissions markets come to life, and more are still in the pipeline. Knowing that these efforts would be recognised in the future climate regime could spur more activity, and even encourage more action. The summit could be a real catalyst for market solutions.”

Attention will also be paid to international climate finance commitments and government pledges to the new UN Green Climate Fund (GCF).

 “Finance to support mitigation and resilience efforts in the world’s developing regions is urgently needed,” says Katie Sullivan, IETA’s director of climate finance. “The private sector is keen to invest, but the GCF needs to be seeded by governments before it can start to leverage private capital. More commitments are expected in the coming months, but seeing more pledges in New York – or hints that pledges are coming after the GCF’s October Board meeting and before UN climate talks in Lima in December – would really help build momentum.” 

IETA will have a team on the ground in New York next week. Please email kouchakji@ieta.org for any media enquiries. We will also be hosting a series of events, including an invite-only symposium on carbon pricing with the Harvard Project on Climate Agreements on 22 September and our annual Carbon Forum North America event on 23 September at Morgan Stanley. Please see www.ieta.org for more information.

 

NOTES

1 See the World Bank’s State and Trends of Carbon Pricing 2014 report for more information.

 

Download this Press Release here 

 

 
Private Sector and Civil Society Declaration on Tackling Deforestation and Forest Degradation, and the Sustainable Management of Forests (REDD+), August 4, 2014


Tackling deforestation must be a key component of an effective and comprehensive global agreement if dangerous climate change is to be avoided and global warming kept below 2 degrees Celsius2. Supporting the sustainable use of forests is also a key component of securing livelihoods and value chains for communities and corporations worldwide, and is vital for global efforts to protect biodiversity and maintain ecosystem services.

The UNFCCC has made significant progress in establishing a framework for REDD+ as part of the efforts to reduce CO2 emissions from forests, with a view to securing its place in a new climate change agreement at Paris next year. Governments of more than 50 forested countries worldwide are making sustained efforts to participate in REDD+, backed by substantial public sector and non-governmental support and private sector investment. Successful REDD+ pilot initiatives have already resulted in 22 million tonnes of CO2 being reduced annually and 14 million hectares of threatened forests protected.

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Australia needs to avoid climate policy vacuum, move on ETS, July 17, 2014


FOR IMMEDIATE RELEASE Contact: Rob Fowler, fowler@ieta.org or +61 402 298 569

MELBOURNE, 17 July – The International Emissions Trading Association (IETA) is disappointed that Australia’s policymakers failed to adopt reforms to bring market pricing and global linkages to the Carbon Pricing Mechanism (CPM).  By simply repealing the CPM without broader reforms, political leaders created a policy vacuum.

The Senate today passed the motion to repeal the CPM, with 39 votes in favour and 32 against. This came despite industry proposals to speed up the introduction of market-based pricing, which would have brought lower costs to business, increased flexibility and aligned Australia’s climate policy closer to that of the EU, China the US and its other trading partners.

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Climate change puts decades of development at risk in Africa, July 4, 2014
PRESS RELEASE - Continent needs market and financial mechanisms fit for purpose

6th Africa Carbon Forum 2014
July 2-4, Windhoek, Namibia

(Windhoek, 4 July 2014) – Climate change threatens to undo decades of earnest effort to develop Africa unless sufficient investment can be mobilized to spur sustainable development and make the continent more resilient.

This was the message delivered to about 400 participants at the 6th Africa Carbon Forum, gathered to share and learn the latest about market and financial opportunities associated with the international response to climate change.

The forum was opened by the Minister of Environment and Natural Resources of Namibia, Hon. Uaheka Herunga, who stressed that the question now is not whether carbon markets will continue, but how they can be improved, and whether new mechanisms should be developed. In the context of the 2015 Paris agreement, the Minister urged participants to: “Send a strong message to governments around the world that the carbon market can make an important contribution to the objective of managing the challenge posed by climate change.”

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IETA welcomes call for emissions trading in Australia

MELBOURNE, 25 June – The International Emissions Trading Association (IETA) welcomes today’s call for an emissions trading system (ETS) in Australia – although the details remain to be seen.

Earlier today, coal mining businessman and head of the Palmer United political party Clive Palmer said that his party supports the abolishment of the existing fixed carbon price but would like to see it replaced with an ETS instead of the government-proposed Direct Action Plan1.

He added that his party, which holds three of the swing votes in the Senate as of 1 July2, will introduce legislative amendments to establish the ETS when the chamber votes on the fate of independent advisory body the Climate Change Authority.

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IETA welcomes revival of market framework negotiations at UN climate talks

GENEVA, 17 June –The International Emissions Trading Association (IETA) welcomes the resumption of negotiations on a global market framework for a future climate deal – but urged that governments intensify their efforts, if the 2015 deadline to finalise the agreement is going to be met.

Negotiators in Bonn, who met from 4-15 June, reignited discussions about how to link carbon market-based systems via the so-called Framework for Various Approaches (FVA) – which had stalled in the Warsaw talks at the end of 2013.  Paired with negotiations on  the design of a new market mechanism and reform of the Clean Development Mechanism (CDM), the framework is envisioned to enable more robust use of market based solutions in the future.

With draft texts for the Paris deal due to be proposed in Lima1 in December, IETA calls on governments to step up their efforts to design a market framework for the new deal. IETA is encouraged that governments signalled interest in further elaborating views on the FVA by 22 September 2014.

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