IETA | International Emissions Trading Association

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.  
 

IETA Applauds California Governor’s Findings in Favor of Quebec Linkage

SAN FRANCISCO (9 April 2013) – Today, the International Emissions Trading Association (“IETA”) applauded California State Governor Jerry Brown’s decision to advance a plan to link California’s carbon market to Quebec’s. This decision paves the way for the first cross-border carbon trading system in North America - which opens these markets to a broader range of emissions reduction alternatives and reduces the costs for business over the life of the programs.

FOR IMMEDIATE RELEASE -- 27 MARCH 2013                                                                                                          
B.C. Auditor General Report Refuted by International Expert Community

VICTORIA, BC – The International Emissions Trading Association (IETA) is disappointed by the report released today by British Columbia’s Office of the Auditor General (OAG), which calls into question carbon neutrality claims of the provincial government and contradicts internationally-recognized expert standards.  

“The Auditor General’s findings are troublingly inconsistent with third-party international expert opinion,” stated IETA President and CEO Dirk Forrister.  “It appears as if the OAG came to its conclusion without any real technical expertise on the subject matter”.

The Auditor General erroneously calls into question a framework of internationally-recognized documentation used in the verification of greenhouse gas reduction projects across the province. In doing so, the OAG effectively discredits international third party standards that have been developed and refined over a number of years. This is documentation that has been regularly reviewed by governments, international auditing firms, regulatory organizations, industry associations, and environmental organizations.

Download the full Press Release here

Commission signals openness to set a binding, EU-wide 2030 GHG target, and recognises the need to manage interactions between various EU climate policies

March 27, 2013
                        
Brussels, Belgium -- IETA welcomes the Commission’s publication of the green paper for establishing a framework for a 2030 climate and energy package. Discussing the EU’s mid to long-term direction regarding climate and energy policy is closely linked to the EU’s proposal for reform of the EU ETS. IETA also welcomes yesterday’s publication of the communication on a 2015 international climate agreement, recognising that international progress will also be essential in deciding the EU’s own level of ambition towards GHG reductions. We also welcome the consultative communication on CCS development, as well as the renewable energy progress report. Taken together, the Commission’s proposals should be recognised for beginning the discussion on future climate policy in the EU.

See the full Press Release here

International Emissions Trading Association (IETA) Press Release
For Immediate Release                        
              
Brussels, Belgium -- IETA welcomes the outcome of today’s vote in the European Parliament’s Environment Committee, which adopted an amended proposal to allow the European Commission to change the timing of auction of allowances once during Phase 3 of the EU ETS.

“The Environment Committee’s vote in favour of backloading today provided a strong political signal for improving the EU ETS. It is now important for the negotiations between the co-legislators to move forward rapidly, to avoid further delays and uncertainty for market operators”, stated IETA’s President & CEO, Dirk Forrister. 

FOR IMMEDIATE RELEASE

IETA Applauds California Court Decision on Offsets

SAN FRANCISCO (29 January 2013) – Today, the International Emissions Trading Association (“IETA”) applauded a court decision that serves to reinforce the offsets market in California.

On 25 January 2013 the Superior Court of California in San Francisco issued a decision in favor of the California Air Resources Board’s (“ARB”) authority to include offsets in the State’s cap and trade program (Case CGC-12-519554). IETA is very encouraged by this decision and acknowledges the support it lends to the cap and trade program as a whole.