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  • 05 Dec 2019 4:39 PM | Anonymous member (Administrator)

    MADRID, 5 December - The International Emissions Trading Association today launches the Markets for Natural Climate Solutions (NCS) Initiative.

    NCS draw on the power of nature to actively manage land use emissions, remove carbon from the atmosphere and store it in natural systems.

    The initiative aims to build a global market for carbon credits generated from NCS projects from forests, soil and wetlands, enabling private sector investment at scale. Markets for NCS will support the transition to a low-carbon economy and promote increased ambition on climate action.

    “Markets for Natural Climate Solutions represents the best opportunity (yet) to make NCS an investable asset class,” said Dirk Forrister, IETA’s CEO. “We want to rapidly scale up private sector finance and leverage the potential of nature to help achieve the Paris Agreement goals,” said Dirk Forrister, IETA’s CEO.

    NCS are potentially one of the most cost-effective forms of CO2 management and can make a critical contribution to meeting the Paris Agreement’s goal of net zero emissions by the second half of the century. However, at present, only a fraction of the financing aimed at addressing climate change is allocated to these activities.

    Despite increasing interest from the private sector, barriers still remain to invest in NCS at large scale. To address this challenge, IETA is working in collaboration with members and stakeholders to establish an effective policy roadmap and market strategy.

    “The global effort on emissions reduction has so far focused mainly on cutting CO2 from industrial activity,” said Simon Henry, director of carbon market development at IETA. “Markets for NCS aims to extend our ambitions to using nature in its entirety as a way to both remove greenhouse gases and to manage land use emissions.”

    IETA has already gathered a core group of private sector enterprises to help drive the work of establishing NCS as a critical component of the fight against climate change.

    The initiative will focus on achieving high environmental integrity, accounting certainty between systems and price transparency, whilst working to empower and benefit local communities involved. 

    Key to the initiative are a robust set of rules governing Article 6 of the Paris Agreement, particularly regarding market mechanisms, which are expected to be agreed at this year’s COP.

    In 2018, the world’s carbon markets soared to a record value of €144 billion. Inclusion of NCS in carbon markets would significantly increase this value further by unlocking additional investment whilst contributing to mitigation efforts necessary in meeting the goals of the Paris Agreement.

    IETA’s Markets for NCS Initiative is led by Simon Henry, IETA’s Director of Carbon Market Development. More details about the initiative may be found at www.ncs.ieta.org.

    Founder members of the Markets for NCS Initiative include the Arbor Day Foundation, BHP, BP, Chevron, Shell and Woodside Energy.

    Arbor Day Foundation

    “Markets for Natural Climate Solutions is an exciting and essential collaboration to scale natural climate solutions. Together we are using the power of markets and private sector value chains to create a better future. If ever there was a time for trees, now is that time.” Dan Lambe, President of Arbor Day Foundation.

    BHP

    “Conserving, avoiding deforestation and restoring high-carbon ecosystems like forests can provide at least 30 percent of the mitigation action needed to meet the goals of the Paris Agreement.

    “Very little climate finance is allocated towards these natural climate solutions. BHP is pleased to support this initiative to increase the scale of private sector investment in NCS and to add cost-effective decarbonisation to policy frameworks.” Dr Fiona Wild, Vice President Sustainability & Climate Change, BHP.

    BP

    “This IETA initiative will review and recommend policy and commercial tools to help unlock the barriers to develop large scale compliance markets for Natural Climate Solutions.” Paul Jefferiss, BP.

    Chevron

    “Chevron is looking forward to participating in this initiative to further our understanding of natural climate solutions in terms of their environmental and social benefits and also the needs for a well-designed market in which carbon offsets resulting from natural climate solutions could be traded.” Arthur Lee, Chevron Fellow and Senior Technical Advisor on Climate Change.

    Shell

    “Natural climate solutions are scalable now and offer significant opportunity for carbon dioxide removal. For this to happen, the world needs a widely recognised robust market to channel capital to nature-based projects, while ensuring the highest standards of carbon accounting.” David Hone, Shell's Chief Climate Change Adviser and IETA Board member. 

    Woodside Energy

    “Over the last decade, Woodside has invested over A$100 million dollars in biosequestration across Australia. We are excited to be able to collaborate on this initiative to build the market for natural climate solutions internationally.” Shaun Gregory, Executive Vice President Sustainability, Woodside Energy.


  • 04 Dec 2019 7:02 PM | Anonymous member (Administrator)

    Madrid, 4 December - The United Kingdom was today presented with a Net Zero Award in recognition of its outstanding approach to enabling private sector finance to meet a net zero emissions goal. 

    The award was presented at a ceremony during the COP25 Climate Summit in Madrid, and was received on behalf of the UK by a member of the country’s delegation. The Net Zero Award is delivered by the International Emissions Trading Association (IETA), supported by Natural Capital Partners.

    “The U.K. has a long history of innovation in market-based mechanisms and in climate ambition forged in a bipartisan spirit,” said Dirk Forrister, CEO of IETA. “They were an early adopter of emissions trading, they have advocated for market mechanisms at home and abroad for many years, and they have legislated a net zero goal for 2050.” 

    Natural Capital Partners’ Managing Director, External Affairs, Jonathan Shopley, commented, “We all know there’s a big gap between the current NDC commitments and the 1.5 degree goal. This award also recognises the U.K.’s understanding of the important role the private sector can play in closing that gap if countries establish strong mechanisms to harness that power and meet net zero targets.” 

    A judging panel comprising 13 business climate specialists selected the UK to receive the Net Zero Award for a few key reasons. Earlier this year, the UK set a national net zero emissions target, enshrined by law, which made it the first country to have binding legislation on absolute emission reductions. A member of the judging panel called it the “most robust net zero commitment of any G20 country.” 

    The UK has a long track record in emissions management, with its early involvement in the EU Emissions Trading Scheme (ETS), shifting from coal, electricity market reform and support of domestic forest protection schemes like the Woodland Carbon code. In addition, the UK has laid out its intentions to promote further carbon market mechanisms and continue to advocate for similar action in other countries.

    About the International Emissions Trading Association (IETA)

    IETA is a non-profit business organisation created in June 1999 to establish a functional international framework for trading in greenhouse gas emission reductions. Its membership includes leading international companies from across the carbon trading cycle. IETA members seek to develop an emissions trading regime that results in real and verifiable greenhouse gas emission reductions, while balancing economic efficiency with environmental integrity and social equity.

    About Natural Capital Partners

    Natural Capital Partners is harnessing the power of business to create a more sustainable world. With more than 300 clients in 34 countries and a network of partners providing the highest quality projects, Natural Capital Partners delivers solutions to make real change possible – reducing carbon emissions, generating renewable energy, building resilience in supply chains, conserving forests and biodiversity, and improving health and livelihoods. 

    It created The CarbonNeutral Protocol in 2002 to provide a clear set of guidelines for businesses to achieve carbon neutrality. Every year since then it has continued its commitment to providing a robust framework for credible carbon neutral action, updating the Protocol to reflect the latest scientific, industry and business best practice.


  • 03 Dec 2019 9:00 AM | Anonymous member (Administrator)

    Contact press@ieta.org 

    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.


  • 02 Dec 2019 10:09 AM | Anonymous member (Administrator)

    MADRID, 2 December - The business community today calls on nations to agree a “simple but rigorous” set of rules governing international emissions trading at COP25, which starts today in Madrid.

    IETA has followed up this call by publishing a paper that sets out the benefits of international emissions trading under Article 6 of the Paris Agreement. The report is supported by no fewer than 15 international and national business, industry and climate associations.

    The paper urges delegates to COP25 to “deliver a simple but rigorous rule book for Article 6… based on transparent numerical accounting, [that] recognises both natural and industrial sinks and supports and encourages large scale transactions.”

    Dirk Forrister, President and CEO of IETA said that, just as trade among nations secures access to goods and services that may not be available domestically, so emissions trading secures access to greenhouse gas reductions that may not be achievable at home at the lowest price or the fastest rate.

    “Not all countries can reduce emissions at the same rate, and… it is certainly not the case that every country can be at zero emissions when needed, so we could use trade to collectively get there through Article 6,” Forrister said.

    Cooperation through Article 6 has the potential to reduce the total cost of implementing NDCs significantly, in the order of $320 billion/year in 2030, or alternatively facilitate removal of more emissions, in the order of 9 GtCO2/year in 2030, at no additional cost if those cost savings are reinvested into additional mitigation.

    And as the world approaches net zero emissions in the middle of this century, trading will become even more important, the paper pointed out.

    “The task of achieving [net zero emissions] can be facilitated by matching sources and sinks through a cooperative approach based on trade” Stefano De Clara, IETA’s head of international policy said.

    “COP25 must deliver a simple but rigorous rule book for Article 6, which is based on transparent numerical accounting, recognizes both natural and industrial sinks and supports and encourages large scale transactions”.  

    However, if countries and sectors cannot agree a wide-ranging trading system for emissions reductions, net zero emissions is unlikely to be achieved in time, the report concludes.

    “Article 6 rules are essential for enabling countries to deliver on the Paris goals,” said Dirk Forrister, President and CEO OF IETA. “That’s why business sees it as the missing link to making its visionary goals achievable.”


  • 22 Nov 2019 10:55 PM | Anonymous member (Administrator)

    Bogota, 22 November – IETA and the Association of Colombian Carbon Market Participants (Asocarbono) today signed a memorandum of understanding to explore ways to work together to strengthen business capacity for the expanding carbon market in Colombia.

    The agreement, signed during Asocarbono’s first annual congress in Bogota, initiates a new program of cooperation between the two business groups, leveraging IETA’s extensive experience in markets around the world and Asocarbono’s deep engagement in the Colombian carbon tax and offset market.  

    The MoU was signed by Dirk Forrister on behalf of IETA, and by Francisco Ocampo, executive director of Asocarbono.

    In Forrister’s keynote remarks to the Asocarbono Congress, he noted the growth in interest in using Article 6 of the Paris Agreement. Article 6 will support nations who choose to work together to generate emission reductions that can be transferred internationally, ensuring that investment in carbon abatement can capture lowest-cost reductions around the world. 

    He noted that the upcoming COP 25 negotiations in Madrid aim to complete guidelines on Article 6 – and then IETA plans to work with more countries on how to use cooperative market approaches that attract private investment at scale.

    “IETA is delighted to be working with Asocarbono, which represents one of the most dynamic carbon market environments in Latin America,” said Dirk Forrister, CEO of IETA. “Colombia is driving regional ambition through its carbon tax and offset policy, and we are happy to support the government and private sector actors in achieving their goals and potentially in expanding to a broader emissions trading market in the future.”


  • 07 Nov 2019 6:56 PM | Anonymous member (Administrator)

    LONDON, 7 November -  Nations will meet next month in Madrid for two weeks of negotiations over completing the rules to operationalise the Paris Agreement. 

    The crucial goal at this year’s summit is to conclude more than three years of talks over the details of Article 6 of the Agreement, according to IETA’s CEO Dirk Forrister.

    “Article 6 is vital to the success of the Paris Agreement,” Forrister said. “The ambition set out in the agreement absolutely requires the participation of the private sector, and Article 6 is the key to that participation.”

    Recently published research found that cooperation through Article 6 has the potential to reduce the total cost of implementing NDCs significantly, in the order of $320 billion/year in 2030, or alternatively facilitate removal of more emissions, in the order of 9 GtCO2/year in 2030, at no additional cost if the cost savings are reinvested into additional mitigation. 

    Article 6 deals with the international trade and exchange of emissions reductions among member states, allowing countries to achieve abatement at lowest cost. Within the Article are two main market tools: Article 6.2, which sets down definitions of internationally transferable emissions reductions, the rules for accounting and reporting; and Article 6.4 which sets out a crediting mechanism for emissions reduction and sustainable development.

    IETA has laid out its detailed priorities for Article 6 in a document which can be found here

    “Nations and companies have expressed the intention to use the power of markets to help achieve Nationally Determined Contributions to the Paris Agreement,” said Stefano De Clara, IETA’s Director of International Policy. “COP25 must give clarity on key elements essential to bring Article 6 to life and should set up a detailed work programme to advance the work on technical elements. 

    IETA’s priorities for COP25 are laid out in a document that can be found here.

     


  • 04 Nov 2019 11:20 PM | Anonymous member (Administrator)

    WASHINGTON, DC, 4 November – The United States government’s move today to begin its formal withdrawal from the Paris Agreement is disappointing, but the 2015 international deal will survive, IETA says.

    The US government today announced that it had notified the UN of its intent to withdraw from the Paris Agreement. Under the terms of Article 28 of the agreement, today – the third anniversary of its entry into force – is the earliest that such a notification could be issued and will take effect in one year. This follows US President Donald Trump’s statement in June 2017 that the country would withdraw from the deal as soon as practically possible.

    “Today’s announcement that the US has begun the formal process of quitting the Paris Agreement is disappointing, while not unexpected,” says IETA President and CEO Dirk Forrister. “IETA remains confident that other nations will uphold their pledges, and we are encouraged by last week’s ministerial statement from the BASIC grouping1 reaffirming their commitment to the Paris Agreement.”

    He adds: “There is a wealth of action happening in states and cities across the US to shift to a low-carbon economy, and we continue to see voluntary commitments and innovation from the private sector – all recognising that the climate change challenge is the fight of our lifetimes. IETA will continue to engage with all of these actors and help them leverage their innovations and can-do attitude to transform the world into the future we all want.”

    NOTES:

    1 Full statement sourced via the Government of India Press Information Bureau on 5 November 2019.


  • 24 Oct 2019 11:21 PM | Anonymous member (Administrator)

    SAN FRANCISCO, 24 OCTOBER - The International Emissions Trading Association (IETA) today issued the following statement in response to the civil lawsuit filed by the US Department of Justice against the State of California regarding the linkage of its cap-and-trade program with another cap-and-trade program in the Canadian Province of Québec. 

    +++++++++++++++

    This lawsuit represents the continuation of an unfortunate political battle waged by the Trump Administration against California’s climate leadership. The legal challenge seeks to disrupt a market-based climate program that has enabled companies in California and Québec to achieve their targets at lower cost. 

    The attempt to terminate the link between California and Québec causes unnecessary market uncertainty by changing legitimate expectations of companies that invested in emissions reduction projects in the two jurisdictions. The program has operated since 2014 without federal interference.

    “IETA supports both the California and Québec cap-and-trade programs as well as the linkage between them that allows businesses to achieve carbon reductions at the lowest economic cost,” said Dirk Forrister, President and CEO of IETA. “This program has grown stable with laws that extended the targets to 2030, and many companies have invested in reliance on that legal framework.”

    IETA’s long-standing preference is for the U.S. federal government to adopt a national emissions trading program to provide a clear and effective policy framework for American businesses. In the absence of federal policy, IETA has applauded California and other states as they pioneered carbon market solutions to pave the way for a national policy in the years to come.

    To create the linkage between the two markets, regulators in California and Québec signed a Memorandum of Understanding (MOU) rather than a treaty (which could have been in violation of the United States Constitution). This MOU followed a common practice in the modern world of MOUs between subnational jurisdictions in many areas of commerce. 

    “The global economy and the interconnectedness of the environment has led to multilayered federalism: many states are parties to agreements with other subnational jurisdictions, and most of them were not approved in advance by Congress,” said Nico van Aelstyn, Partner at Sheppard Mullin LLP, who has acted on IETA’s behalf in prior litigation in California.  

    The Department of Justice lawsuit focuses on the linkage between the California and Québec cap-and-trade programs. Even if the lawsuit succeeds in severing the linkage between the two programs each would nonetheless continue normal operations without benefits of cooperation. The Trump Administration’s complaint could force a loss of market-based efficiencies, potentially increasing the overall costs of carbon emissions across the two jurisdictions. 

    “The climate challenge demands more market-driven cooperation across national borders, not less,” said Katie Sullivan, Managing Director of IETA. “The WCI’s cooperative approach is a proven winner in providing incentives for businesses to cut emissions while keeping costs down for consumers, giving the U.S. an extra climate benefit – not a harm.”

  • 24 Sep 2019 3:09 PM | Anonymous member (Administrator)

    NEW YORK, 24 September - International cooperation under a well-functioning Article 6 of the Paris Agreement could save as much as $250 billion per year by 2030, according to a new study. Experts believe that the savings could improve the likelihood of achieving the Paris climate protection goals.

    The study was carried out by the International Emissions Trading Association and co-sponsored by Carbon Pricing Leadership Coalition,with the help of researchers and modellers from the University of Maryland. You can find a copy of the summary report here, and a copy of the full document here.

    Reinvesting these savings in further emissions reductions could increase the potential for overall global reduction in greenhouse gases by around 5 billion tonnes a year in 2030, the study found, helping to close the ambition gap. Existing national commitments are currently estimated to achieve 9 billion tonnes in that timeframe, so Article 6 cooperation could enhance it by over 50%.

    When coupled with natural climate solutions in lands and forests, the benefits become even greater – making an additional 9 billion tonnes of abatement feasible and doubling the effectiveness of the Paris Climate Agreement.

    In the search for greater climate ambition, market cooperation and natural climate solutions are essential elements,” said Dirk Forrister, CEO of IETA. “The modelling shows how expensive ambitious targets can become if countries act in isolation – but if they work together to drive global market incentives and tap nature’s potential, the Paris goals come within reach.”

    However, these astonishing outcomes rely on the adoption of a clear and transparent set of rules for international emissions trading, on one side, and on the inclusion of the use of Article 6 in countries’ Nationally Determined Contributions (NDCs) on the other.

    “When international negotiators gather in Santiago, Chile in December, the top issue for decision this year is completion of the Article 6 rulebook,” said Cristobal De la Maza, Head of the Environment and Climate Division at the Ministry of Energy of Chile. 

    “This report shows the importance of getting it done well, so that countries can start working together more effectively and build confidence for raising ambitions.”

    Nat Keohane, vice president for international climate at the Environmental Defense Fund, said: “These results, which are in line with independent analysis by EDF, show that international cooperation, including natural climate solutions, is critical to raising ambition."

    "To cut emissions at the pace and scale that the science demands, we must harness the most powerful force we have — the power of markets. Countries can take an important step forward at COP25 in Santiago by agreeing on strong guidance under Article 6 of the Paris Agreement.”

    Article 6 will guide the transfer and trade in emission reductions among nations, which will ultimately involve the private sector. At COP25 in Chile later this year, negotiators from more than 190 countries will be tasked with agreeing a set of rules to account for the trade in emissions reductions and to establish a UN body to govern a new Sustainable Development Mechanism for assessing and issuing carbon credits. 

    “A decision to operationalise Article 6 is crucial for a sustained, robust implementation of the Paris Agreement,” said Juan Pedro Searle, Article 6 Cluster Coordinator, Chilean negotiating team. 

    “Negotiators from every country and groups will have a unique opportunity at COP25 to leave a legacy to humankind: the adoption of the rules that will promote an unprecedented cooperation between parties in the fight against climate change. The invitation is open to make COP25 a successful event.”

    Additional Background

    Under the Paris Agreement, each nation has prepared a plan or NDC towards the overall goal of net zero carbon emissions by the second half of the century. The IETA/UMD modelling extrapolated current NDCs to the end of the century and ran them through four scenarios to estimate the total monetary value of Article 6 of the Paris Agreement.

    If countries act in isolation, the models show a wide range of market prices emerging by 2030, from $0 in poor countries to $101 in Europe. But with effective market linkages, prices converge to a global average of $38 in 2030 whilst delivering the same level of climate protection.

    “Net zero emissions means that trade must bring together natural and technological sinks with the remaining emitting sources, wherever they may be,” said said Stefano De Clara, IETA’s International Policy Director. “This can only be achieved if large scale trading systems emerge, and they must follow robust rules of transparency to instil business and public confidence.”

    The calculations show that international cooperation through Article 6 could yield cost savings in the order of $249 billion per year by 2030, $345 billion per year by 2050 and $988 billion per year by 2100. These costs represent significant savings compared with a scenario in which nations do not cooperate on trading: costs are more than 60% lower in 2030, around 40% lower in 2050 and around 30% lower in 2100, the study found.

    This in turn generated values for the global carbon market of about $167 billion in 2030, $347 billion in 2050, and $1.2 trillion in 2100. Even more importantly, the results show that all countries benefit, in terms of GDP growth, from Article 6 cooperation.

    “This study illustrates how cooperation through carbon markets benefits all parties who join in,” said Angela Churie Kallhauge, Head of the CPLC. “It drives investment to those who have potential to reduce emissions more cost effectively than others.”

    Interestingly, results show that developing effective policies to tap the land use sector's potential could further increase the economic and mitigation value of Article 6, increasing savings to $320 billion a year, and additional mitigation to 9 billion tonnes a year, in 2030. This clearly underlines the importance of Natural Climate Solutions coupled with an effective framework for international carbon markets.

    “The cumulative additional mitigation enabled by perfect implementation of Article 6 over the course of the century exceeds 520 billion tonnes of CO2. [Reinvesting the savings into additional mitigation] enables 50 percent more mitigation compared to [the baseline scenario],” the report states.

    “Our goal is to move this project forward to produce further results before COP25 and to continue the research effort in 2020,” said IETA’s Forrister. “There is a clear need for scientific research to examine potential implications of alternative rulesets and implementation pathways for Article 6”.

    “Understanding the value of international cooperation under the Paris Agreement through Article 6 is extremely important to enable us to make a strong business case for stakeholders to prepare and engage in the development of international markets,” said the CPLC’s Kallhauge. “Such cooperation is important if we are to address concerns around competitiveness and the loss of productivity.”

    IETA would like to acknowledge the following organisations for their support for the Article 6 modelling project: the Carbon Pricing Leadership Coalition, the University of Maryland, Chevron Corp., Conservation International, the Electric Power Research Institute (EPRI), the European Bank for Reconstruction and Development (EBRD), the Governments of Germany, Norway and the United Kingdom, the Institute for Global Environmental Strategies, Royal Dutch Shell plc and the Swedish Energy Agency.

  • 06 Aug 2019 1:31 PM | Anonymous member (Administrator)

    GENEVA, 6 August - IETA is pleased to announce the appointment of Federico Di Credico of ACT and Hendrik Rosenthal of CLP as new members of its governing Council. They fill vacancies created when Matthew Bateson of Rio Tinto and Jeanne Ng of CLP resigned in mid-term.

    Federico Di Credico is Managing Director of ACT Financial Solutions, an investment firm spin-off of ACT Commodities Group, which specialises in carbon emission trading, price risk management and climate finance. He joined ACT in 2012, after working as renewable energy analyst in Italy and as derivatives broker in London. In 2017 he was appointed to manage the newly established investment firm, ACT Financial Solutions, based in Amsterdam. Federico’s main area of focus and expertise lies in market-based mechanisms, risk management and financing instruments that can help drive the economy towards a sustainable future.

    Hendrik Rosenthal is Director - Group Sustainability of the CLP Group and is responsible for the Group’s sustainability-related strategy, reporting and communications. Based in Hong Kong, he supports CLP senior management in sustainability and climate change-related risk management and advises on sustainability matters of the Group’s power business in the Asia-Pacific region. With 20 years of experience in environmental management across the public, private and NGO sectors, Hendrik previously led research and consulting projects in Canada, Hong Kong and Singapore.

    “I am happy to welcome Federico and Hendrik to the IETA Council at a time when carbon markets are growing more vibrant, in light of the momentum behind the Paris Agreement,” said Rick Saines, Chairman of the IETA Council. “Each of them brings enthusiasm and fresh ideas to the leadership of our organisation.”

    “Hendrik’s insights from working for a covered entity in the Chinese carbon market pilots and Federico’s trading desk experience across multiple carbon and clean energy markets will bring valuable perspective to the IETA Council’s work,” said Dirk Forrister, IETA President and CEO.  


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