MADRID, 3 December – IETA is today releasing its 2019 GHG Market report, focusing on the organisation’s 20th anniversary and the markets of tomorrow.
The report, available online and at the IETA Business Hub at COP25, includes the key lessons from the past 20 years, prepared by IETA Fellow and climate policy veteran Bill Kyte, a history of IETA’s origins by Frank Joshua, who was instrumental in establishing the association in 1999, and a look at the Voluntary Carbon Standard’s development, including IETA’s role in its conception.
Other highlights include a piece by Annie Petsonk from Environmental Defense Fund on the programmes bidding to supply the future aviation market, Refinitiv on how the EU is already inherently on track for a more ambitious 2030 target, and a summary of how a robust Article 6 mechanism could accelerate emissions reductions under the Paris Agreement, based on IETA’s work with the University of Maryland. It also includes an article from the Chilean government, which is presiding over this year’s UN climate talks, on how Article 6 can transform the world’s economy.
“The events of 2019 will have a strong influence on the pathway forward, and this year’s GHG Market Report captures the present but also looks at how our experiences of the past can guide the future,” says IETA President and CEO Dirk Forrister. “From how the new European Commission tackles the bloc’s long-term climate ambitions, to what shape the rules for Article 6 of the Paris Agreement take, to the myriad of regional carbon markets – all of these can draw from the 20 years of emissions trading knowledge we have accumulated and practiced.”
The report also includes the latest carbon pricing approaches across North America, an innovative approach to value nature in carbon markets, how Article 6 can benefit African nations, an outlook for EU ETS prices, and a look at pilot market efforts in Asia.