IETA | International Emissions Trading Association

Support for amendments provide a welcome step toward future decisions between the European Parliament and European Member States
                                                                                                           
Brussels, Belgium -- IETA welcomes the outcome of today’s vote in the European Parliament’s Environment Committee. The support for a text supported by the three main political groups is a helpful move forward in the backloading debate. Today’s vote sends a long-needed signal that a solution is necessary in providing legal clarity for future changes to the EU-ETS.
 
“The adoption of a compromise text in the ENVI Committee amongst the largest political groups is an important first-step ahead of the vote by all MEPs in a couple of weeks”, stated IETA’s President & CEO, Dirk Forrister.
 
“The constructive attitude to find a way out of the political deadlock is encouraging. We would hope to see these efforts reflected during a positive vote in plenary on 3 July. Support for this compromise position by a majority of the House will allow long-awaited negotiations to begin.”
 
IETA has repeatedly called on European policy makers to avoid undue delays in reforming the ETS. The uncertainty on the future of this proposal has caused huge disruptions for market participants. Today’s vote is a welcome political signal, showing increased momentum ahead of the plenary vote.  If the EU Parliament backs the compromise package in plenary, negotiations can begin between the different European policy-making institutions. Rapid conclusion of the legal text is urgently needed to move the reform debate beyond short term measures and onto more important long-term structural measures.
 
Contact: Sarah Deblock – IETA EU Policy Director
deblock@ieta.org  +32 491 744 274
 
IETA has been the leading voice of the business community on the subject of carbon markets since 2000. IETA's 140 member companies include some of the world's leading corporations, including global leaders in oil, electricity, cement, aluminum, chemical, paper, and other industrial sectors; as well as leading firms in the data verification and certification, brokering and trading, legal, finance, and consulting industries.

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FOR IMMEDIATE RELEASE
Contact – Jeff Swartz (Swartz@ieta.org) +32 2 230 1160

IETA WELCOMES IDEA OF A CDM CAPACITY FUND TO BOOST CONFIDENCE IN THE GLOBAL CDM MARKET

Bonn, GERMANY (June 12) - Today the International Emissions Trading Association (IETA) welcomes the findings in a published report on the concept of a Capacity Fund to stimulate action in the Clean Development Mechanism (CDM), and encourages policymakers to consider its recommendations.

The concept of a CDM Capacity Fund grows out of the UNFCCC-appointed High-Level Panel on the Future of the CDM. One of the High-Level Panel's recommendations is to establish a new fund to tackle the major supply/demand imbalance in the CDM. The study published by Vivid Economics is the first serious analysis about the feasibility of such a fund and the analysis explores three areas:

• a fund for existing projects;
• a fund for new projects; and
• considers the pros and cons of each option, exiting project fund versus new.

FOR IMMEDIATE RELEASE
Contact: Anthony Mansell +1 202 384 0774 (Mansell@ieta.org)
Jennifer Andreassen +1 202 572 3387 (JAndreassen@edf.org)

Market mechanisms at the heart of government climate actions
---- IETA and EDF joint report documents the rise of carbon markets globally ----

WASHINGTON, D.C. (June 3, 2013) – Today, the International Emissions Trading Association (IETA) and Environmental Defense Fund (EDF) released The World’s Carbon Markets: A case study guide to Emissions Trading, a collaborative series of case studies examining carbon market development around the globe.

Note: The case studies are available at www.ieta.org/worldscarbonmarkets. If you have any problems accessing, please contact Mansell@ieta.org immediately.

The report compares key features of current and prospective policies in 18 jurisdictions around the world. It is a resource for policy makers, analysts, and anyone interested in learning more about emissions trading.

The report focuses on both mature carbon markets, such as the European Union Emissions Trading System (EU ETS) and the northeastern U.S. Regional Greenhouse Gas Initiative (RGGI), and also emerging policy developments across the world, from Kazakhstan to Mexico to China.

Short-term intervention in the EU Emissions Trading Scheme is essential, say nine out of ten members of leading carbon association

•    Expectations that EUAs will trade below €10 and CERs below €5 to 2020
•    Domestic or regional policies will be more important that international negotiations over the next few years

IETA members would overwhelmingly support intervention by the European Commission in the EU Emissions Trading System (ETS) within 12 months to improve the functioning of the market from its current record lows.

Almost all (96%) respondents back structural reform of the EU ETS, with almost half (45%) thinking an ambitious emissions target and cap would be the most effective option.

The outlook for price recovery remains weak according to members with low carbon prices expected up to 2020. EUAs are currently trading at around €3.50, only 7% of the value needed globally to shift economies onto a low carbon pathway (€47). 56% of respondents expect EUAs to trade at €5-10 between now and 2020, a 47% fall from last year’s expectations for the same time period, and a 68% fall from those in 2011.

Global emissions trading organisation, the International Emissions Trading Association (IETA) and Australia’s leading industry body for carbon market professionals, the Carbon Market Institute (CMI), are excited to announce a strategic alliance between the two membership-based organisations.

“It has never been more important for Australian companies to understand changes in the international policy environment, particularly with recent developments in Europe that will impact the future carbon price in Australia,” CMI chief executive officer Peter Castellas says.

Rejection of the backloading proposal falls short of providing any clarity to market operators and investors

16 April, 2013 - Brussels, Belgium -- IETA regrets the outcome of today’s vote in the European Parliament, which fails to provide clarity on how to address the current challenges affecting the EU ETS. The lack of any clear outcome due to the postponement of the final vote, prevents negotiations to take place between the European institutions, which would have been a helpful start to find ways forward for tackling the imbalance of allowances in the market.
 
“The Parliament’s vote to reject the backloading proposal today failed to provide the needed political signal for improving the EU ETS”, stated IETA’s President & CEO, Dirk Forrister.