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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.

 


 

IETA report highlights how markets deliver climate finance, technology and emissions cuts, November 20, 2014

FOR IMMEDIATE RELEASE
Contact: Katie Kouchakji, kouchakji@ieta.org

LONDON, 20 November – IETA’s GHG Market Report 2014, released today, showcases the role markets can play in delivering climate finance, clean technology and emissions cuts.

Entitled Markets Matter, this year’s report is structured around these three themes. The report opens with an overview by UNFCCC Executive Secretary Christiana Figueres. It then considers market architecture for the Paris Agreement in an article by Professor Robert Stavins and a team led by the Harvard Project on Climate Agreements, before IETA’s International Working Group chairman David Hone sets out the need for markets in the 2015 climate agreement and how market elements could be facilitated.

The Report focuses on a range of market-related issues, with articles from the secretariat of the Green Climate Fund, carbon market pioneer Ken Newcombe of CQuest Capital, Québec’s Ministry of Sustainable Development, Environment and Climate Change, the World Bank and the International Air Transport Association, among others.

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GCF pledges boost for Lima climate talks, November 20, 2014

FOR IMMEDIATE RELEASE
Contact: Katie Sullivan, sullivan@ieta.org or +1 416 500 4335

WASHINGTON, DC, 20 November – Further pledges to the Green Climate Fund (GCF) should see the Lima climate negotiations off to a good start, says IETA.

The UK's pledge of £720 million ($1.1 billion), made at the the GCF’s first pledging conference in Berlin, Germany today, bring the total amount pledged to the Fund to $9.3 billion, following combined pledges of $4.5 billion from the US and Japan last week at the G20 meeting in Brisbane, Australia.

Further pledges are expected before the start of the Lima climate negotiations on 1 December.
“This show of financial support for developing countries to tackle climate change helps set a positive tone for the climate negotiations in Peru, starting in just over a week,” says Dirk Forrister, IETA’s CEO and President. “Hopefully this will go a long way to building trust between countries and unlock other aspects of the talks on the 2015 agreement, such as on markets.”

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Clean Harbors Final Determination potentially threatens California offset market, November 15, 2014

FOR IMMEDIATE RELEASE
Contact: Katie Sullivan, sullivan@ieta.org

WASHINGTON DC, 15 November – A decision by the California Air Resources Board (ARB) to invalidate offset credits risks damaging confidence in the state’s nascent offsets market, IETA warns.

After a near-six month investigation, the ARB determined yesterday that 88,955 offset credits from a project which destroys ozone-depleting substances (ODS) at Clean Harbors’ incineration facility in Arkansas were invalid. The investigation, which jeopardised over 4 million offsets at the outset, was initiated at the end of May following a settlement with the US Environmental Protection Agency over alleged non-compliance with the Resource Conservation and Recovery Act.

However, the incidents of concern did not affect the environmental integrity of the affected offsets with regard to greenhouse gas emissions. While IETA supports the regulation of markets to ensure environmental integrity is preserved, California’s cap-and-trade regulation makes it clear that a nominal violation does not require invalidation as a matter of strict liability, and instead enables the ARB to use discretion.

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US Green Climate Fund pledge adds to momentum for climate deal, finance talks, November 15, 2014
FOR IMMEDIATE RELEASE
Contact: Katie Sullivan, sullivan@ieta.org

WASHINGTON DC, 15 November – A $3 billion pledge to the UN’s Green Climate Fund (GCF) by US President Barack Obama is a welcome step just days before the Fund’s first official pledging conference in Berlin and adds to the growing momentum for an international climate change agreement in Paris next year, says IETA.

The US pledge, made at the G20 meeting in Brisbane, Australia, doubles the amount of money pledged to the GCF1, which is aiming to raise $10 billion before the UN climate negotiations in Lima, Peru commence on 1 December. It comes on the heels of a bilateral climate change agreement between Obama and Chinese President Xi Jinping to set greenhouse gas reduction goals for the post-2020 period.

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US-China climate cooperation expansion provides political boost to negotiations, 12 November 2014

FOR IMMEDIATE RELEASE Contact: Katie Kouchakji, kouchakji@ieta.org

GENEVA, 12 November – A decision by China and the US to increase their cooperation on climate change matters, including the tabling of emissions targets for post-2020, is a welcome boost to the UN climate negotiations, says IETA. At a summit in Beijing, US President Barack Obama and China’s President Xi Jinping announced emissions goals that will be proposed for the 2015 Paris climate deal. The US is seeking an economy-wide reduction in emissions of 26-28% below 2005 levels by 2025.

China stopped short of an outright target, but has committed to its emissions peaking by 2030 – but will work to curb levels sooner through initiatives on air pollution, clean energy expansion and economic reform. This includes a goal to increase the share of renewables in its energy mix to 20% by 2030, which will require an additional 800-1000GW of new renewables capacity. “It’s encouraging to see momentum rolling from September’s summit, with the EU and now the US and China openly readying their proposed contributions for the Paris climate agreement,” says Dirk Forrister, IETA’s CEO and President.

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IPCC recognition of carbon pricing and market links key message for Lima negotiations, November 2, 2014

FOR IMMEDIATE RELEASE
Contact: Katie Kouchakji, kouchakji@ieta.org

GENEVA, 2 November – The IPCC’s recognition of the benefits of pricing carbon in fighting climate change in its fifth assessment report, released today, adds to the momentum for carbon pricing to be included in a future climate agreement, says IETA.

Released one month before negotiators meet in Lima, Peru to hammer out the draft negotiating text for a 2015 deal, the IPCC Fifth Assessment Report1 states: “Mechanisms that set a carbon price, including cap and trade systems and carbon taxes, can achieve mitigation in a cost-effective way.” It adds that effectiveness has been varied, due to design and national circumstances.

The report also notes that since 2007 – when the Fourth Assessment Report was released – there has been an increase in mitigation efforts, with 67% of the world’s greenhouse gas emissions subject to national legislation or reduction strategies by 2012, compared with 45% in 2007. However, there is yet to be a “substantial deviation” in global emissions trends, the IPCC adds, and with many of these plans still in infancy, their long term effectiveness is difficult to gauge.

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IETA welcomes Direct Action deal - but concerns over ongoing flux in Australian Policy, October 30, 2014

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

IETA welcomes Direct Action deal - but concerns over ongoing flux in Australian Policy
MELBOURNE, 30 October 2014 – IETA today welcomes a compromise on revisions to Australia’s Carbon Farming Initiative, but warns that continuing uncertainty over the future of Australia’s climate policies is bad for business.  

Under the compromise reached with the Palmer United Party – and other senators who hold the balance of power – the government has agreed to extend the life of the Climate Change Authority (CCA), Clean Energy Finance Corporation and Australian Renewable Energy Agency.  The amendments have also provided more detail on the Safeguarding Mechanism which is intended to limit the growth in emissions beyond pre-determined baselines, but will now not commence until mid-2016. In exchange, PUP will support amendments to the CFI, to enable projects developed under the programme to supply credits for the government’s Emissions Reduction Fund, the core pillar of its Direct Action policy.

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