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  • 09 Nov 2017 9:33 AM | Anonymous member (Administrator)

    BRUSSELS, 9 November – IETA welcomes a preliminary deal reached this morning on reform to the EU’s carbon market and which sets the framework out to 2030. We urge the Member States representatives in Coreper, and later on the Council and the European Parliament, to swiftly confirm the long-awaited agreement.

    The agreement between representatives from the European Parliament, the Council and the European Commission came after several months of negotiation. IETA in particular is pleased with decisions to strengthen the performance of the EU ETS by doubling the rate at which surplus emissions allowances will be removed from the market and placed in the Market Stability Reserve for the first five years in operation. IETA also welcomes measures to protect the competitiveness of industries at risk of carbon leakage (3% conditional shift from the auction share to the free allocation share). 

    “Today’s agreement is a welcome boost to market fundamentals and adds momentum to the UN climate negotiations which are underway in Bonn,” says IETA’s CEO and President Dirk Forrister. “It sends a strong signal that the EU is serious about its leadership role in the international climate policy arena and in helping make the Paris Agreement a success.”

    “While business welcomes the clarity from today’s trilogue deal, there is still a lot to be done before the next phase of the EU ETS starts in 2021,” says Julia Michalak, IETA’s Director of EU Policy. “After the agreement is confirmed, the lengthy process of implementation work will start. The devil is often in details.”

    To keep up to date with IETA’s work, follow us on social media. IETA has accounts on Twitter,  Instagram and LinkedIn

  • 02 Nov 2017 5:29 PM | Anonymous member (Administrator)

    Contact Katie Kouchakji, press@ieta.org

    LONDON, 2 November – Government representatives gathering in Bonn on Monday for the start of annual UN climate talks need to ramp up efforts if the two-week meeting is to end with a draft negotiating text, says IETA.

    By the end of next year, governments need to adopt the rulebook for implementing the Paris Agreement – including for Article 6, which establishes an emissions mitigation mechanism and provisions for accounting of international emissions trading outcomes. In the run up to the 2018 meeting, they will also be preparing for the first “Facilitative Dialogue” of progress on cutting emissions and future trajectories, making it even more crucial to know the outline of additional, international tools available to help Parties raise ambition.

    “If governments are going to meet the 2018 deadline to adopt the Paris rulebook, the next two weeks must see serious options brought to the table so that they can leave Germany with a draft negotiating text,” says Dirk Forrister, President and CEO of IETA. “This is important so that all actors – both governments and observers – can see where to focus direct action and investment in a smart, efficient and effective way to deliver the emissions cuts that the future needs.”

    The need to develop draft negotiating text by the end of the upcoming meeting is the key ask of IETA’s priorities for COP23. Although observer groups were not invited to submit views to the UNFCCC on elements of the rules ahead of the Bonn talks, IETA is today releasing its updated Straw Proposal for Article 6. Developed by its International Working Group members, the proposal lays out IETA’s vision for bringing Article 6 to life, drawing from their vast experience with the Kyoto Protocol’s mechanisms as the world transitions to one where all nations are taking action.

    “We firmly believe that Article 6 is key to scaling up ambition by all nations, that market forces can go further, faster and are cheaper than regulations and unilateral actions,” says Stefano De Clara, IETA’s Director of International Policy. “Our Straw Proposal is the product of many years of experience with carbon markets around the world, and offers a path to allow collaborative efforts and serious investments to begin.”

  • 01 Nov 2017 5:07 PM | Anonymous

    LONDON, 1 November – IETA is proud to release the 2017 COP23 edition of IETA Insights, profiling global climate action and the latest thought-leadership on Article 6. 

    Ambassador Nazhat Shameem Khan, Chief Negotiator for the incoming COP23 Fijian Presidency, introduces the issue by setting out the country’s vision for the talks, which start next week, and the role business can play. 

    This third issue of IETA’s quarterly publication also features six climate change initiatives around the world, IETA’s latest thinking on bringing Article 6 to life, how blockchain can help the implementation of the Paris Agreement, and the investment opportunities arising from Colombia’s new carbon price. 

    “As governments gather to negotiate the Paris rulebook, it’s important to recognise the diversity of initiatives underway around the world, tailored to varying national circumstances,” says Dirk Forrister, President and CEO of IETA. “One of the challenges of the Paris Agreement is to bring all these efforts together and account for them in the same way, which is one area where technological innovation such as blockchain can make a real difference – and is why we have chosen to feature the topic now.”

    The next edition will be released in December. For more information or content suggestions, please contact Katie Kouchakji on press@ieta.org. For sponsorship opportunities, please contact Lisa Spafford at spafford@ieta.org.


    An editorial committee, drawn from IETA’s membership, advises on the content and performs peer review. The 2017 editorial committee are: Kavita Ahluwalia, Uniper; Evan Ard, Evolution Markets; Jessica Butts, Delphi; Jean-Yves Caneill, formerly of EDF; Sophie Lu, BNEF; Mark Proegler, IETA Fellow; Judith Schröter, ICIS; Naomi Swickard, VCS; and Li Yifeng, Shanghai Zhixin.

  • 31 Oct 2017 9:04 PM | Anonymous member (Administrator)

    Contact: Katie Sullivan, sullivan@ieta.org

    OTTAWA, 31 October – Commenting on today’s announcement of Canadian government support for a blockchain project in the Pacific Alliance nations (Chile, Colombia, Mexico and Peru), facilitated by IETA and ClimateCHECK, IETA’s CEO and President Dirk Forrister says:

    “As the official implementing entity, IETA looks forward to working with our Partners and leveraging our deep global and regional networks and resources to ensure project success.

    “IETA is delighted to assist Canada on this cooperative project with Chile, Colombia, Mexico and Peru aimed at supporting technical capacity for robust monitoring, reporting and verification (MRV) of emissions. Programmes to establish carbon pricing across the region rely on solid MRV of emissions. Technology innovations, like blockchain, in the MRV field may offer important tools – that are scalable and transparent – to inform future programme design, including common accounting and transfers across systems and borders.”

    For more information on the project and IETA’s role, please contact Katie Sullivan, IETA Managing Director, at sullivan@ieta.org.

  • 31 Oct 2017 4:09 PM | Anonymous member (Administrator)

    Contact: Katie Kouchakji, press@ieta.org  

    LONDON, 31 October – IETA is urging the International Civil Aviation Organization (ICAO) Council to adopt proposed eligibility criteria for its sectoral emissions offset programme.

    The ICAO Council, comprised of governmental representatives, is meeting from 30 October-17 November in Montreal. The Council will be considering the work done so far by its Global MBM Technical Task Force to prepare for the Carbon Offsetting Scheme for International Aviation (CORSIA), which will begin in 2020. This includes proposals on eligibility criteria for offsets, which would see airlines cleared to use credits from existing programmes such as the Clean Development Mechanism (CDM), Verified Carbon Standard (VCS), Climate Action Reserve (CAR), and American Carbon Registry (ACR).

    “Airlines are seeking signals from the Council so that they can start preparing for CORSIA now, and not in three years when costs may be higher,” says IETA’s CEO and President Dirk Forrister. “We urge the Council to approve the work by the Task Force so that businesses can get to work.”

    “The CDM, VCS, CAR and ACR are tried and tested programmes, with a wealth of experience and environmental integrity, leaving them well placed to serve the aviation sector,” says Sophy Greenhalgh, Managing Director, Aviation at IETA. “Beyond the high-level criteria, further specific detail about activities and credits accepted for CORSIA is essential to supporting environmental integrity of the system and allowing investment in good time.”

    For more on IETA’s Aviation work, please contact Sophy Greenhalgh on greenhalgh@ieta.org. To keep up to date with IETA’s work, follow us on Instagram, LinkedIn and Twitter

  • 26 Oct 2017 12:22 PM | Anonymous member (Administrator)

    Contact: Katie Sullivan, sullivan@ieta.org

    Toronto, 26 October - IETA welcomes today’s release of Ontario's 2017 Long-Term Energy Plan, outlining the 20-year roadmap for Ontario’s energy sector. We congratulate Ontario on its remarkable progress, to date, towards decarbonizing its economy. This progress and long-term plan, built on a set of policy initiatives buttressed by a carbon market, offers a cost-effective model for other jurisdictions to consider. Greenhouse gas reductions must now be extended across non-power sectors in the province. More than ever, it is vital to tap market forces in cooperation with regional partners - like California and Quebec - to ensure costs remain low and fair across Ontario consumers and business.

  • 19 Oct 2017 10:55 AM | Anonymous member (Administrator)

    Mexico climate forum to feed international climate process

    Eleventh Latin American and Caribbean Carbon Forum opens in Mexico City 

    Mexico City, Mexico, 18 October 2017 – Achieving the goals of the Paris Climate Change Agreement and true sustainable development will take broad-based engagement, especially by the private sector to drive innovation and investment, participants at the opening of Latin American and Caribbean Carbon Forum (LACCF) in Mexico City were told.

    Mexico suffered a serious earthquake last month that resulted in terrible loss of life and destruction. Mexico and Mexico City nonetheless pushed through with LACCF 2017, which has brought together private and public sector participants looking for ways to spur climate action under the theme Advancing the Paris Agreement – From Targets to Actions.

    “I think what has happened, and what is happening, underscores how vulnerable we are as human beings,” said Enrique Lendo, Head of International Affairs, Secretariat of Environment and Natural Resources, Mexico, reflecting on the earthquake and the numerous destructive hurricanes that have occurred in recent months. “They are a sign we need to renew our efforts, and strengthen our efforts,” said Mr. Lendo, citing innovative policy choices, such as carbon pricing and market-based instruments to drive investment in climate action, before officially opening LACCF 2017.

    Countries in 2015 adopted the Paris Climate Change Agreement aimed at keeping global temperature rise below 2oC through concerted climate action in all sectors. Meeting the goal will take a great deal of investment and resources; thus, strong engagement by the private sector and a broad range of non-state actors, including the most vulnerable.

    “Adopting urgent measures to combat climate change requires [one] to listen closely and attentively to all voices; to the private sector, industry, academia, civil society, indigenous peoples, since it is all of us who live the consequences of climate change,” said Antonio Molpeceres, UN Resident Coordinator in Mexico referencing remarks by UN Secretary-General António Guterres. “It is necessary that we all take part in these discussions, so that we are all actors in the creation and materialization of a true paradigm change that will lead us to a sustainable human development path.”

    This is the eleventh annual LACCF and the second time the event is being held back-to-back with the workshop of the Low Emission Development Strategies (LEDS) – LAC platform, creating the largest climate event in the region: The 2017 Latin America and Caribbean Climate Week.

    Events like LACCF are important venues not just for inspiring greater climate action but in which to express views that can make their way into international negotiations. Last year when they met in Morocco, countries established the Marrakech Partnership for Global Climate Action to encourage and coordinate this broad engagement.

    The objective is to “turn countries’ Nationally Determined Contributions under the Paris Agreement into concrete investment plans,” said Veronica Zavala, Country Representative, Inter-American Development Bank. She cited the need to “decarbonize our energy sector, which accounts for 40 percent of emissions in the region,” and pointed to the ample solar, wind and ocean power available in Latin American and the Caribbean.

    “Isolated endeavors cannot contribute radically to stabilize economies and mitigate the effects of climate change,” said Emilio Uquillas, Representative-director in Mexico for CAF–Latin American Development Bank. Mr. Uquillas stressed that the effects of climate change will be felt “as usual by the most vulnerable sectors of society” and called for “a scaling up of efforts.”

    The bulk of that scaling up will be done through investment by the business community, which is “managing enormous risk” from climate change and from its investments in climate action, said Dirk Forrister, Chief Executive Officer and President of the International Emissions Trading Association. “The business community is also looking around the corner to opportunity.”

    The inclusive approach called for in the Paris Agreement will be carried forward when countries meet in Bonn, Germany, next month for the UN Climate Change Conference, COP23, under the United Nations Framework Convention on Climate Change, whose Executive Secretary, Patricia Espinosa, is Mexico’s former Minister of Foreign Affairs, 2006–2012. Ms. Espinosa is attending an important preparatory meeting in Fiji, which will preside over COP23.

    “For countries to achieve their commitments under the Paris Agreement, the private sector and public sector must work together to mobilize investment where it’s needed,” said Ms. Espinosa on behalf of the 10 co-organizers of LACCF 2017 in advance of the event. “Therefore, regional events like LACCF are taking on an increasingly important role linking investment to investment-worthy opportunities for climate action.”

    Market approaches and carbon pricing are important means of incentivizing climate action; such as was created by the Clean Development Mechanism (CDM) under the UNFCCC’s Kyoto Protocol. Participants in LACCF are keen to understand how carbon pricing mechanisms will evolve and inform implementation of such approaches under the Paris Agreement. Mexico, for example, has placed a carbon tax on eight fuels. The country is considering how those obligated under the carbon tax could pay using saleable Certified Emissions Reductions created by CDM projects, everything from wind power projects to projects that reduce or avoid industrial emissions.

    More generally, countries in the Latin America and Caribbean region, including Chile and Colombia, have been leaders in the development of carbon pricing mechanisms and are actively working to build multi-country engagement models. Key takeaways from the High-Level Commission on Carbon Prices <http://bit.ly/2qwj8YJ> were also discussed.  The report’s conclusion — that countries should pursue carbon pricing now, as an essential element of a multi-faceted strategy — resonated strongly with government representatives participating in the panel discussions.  Industry participants in the Forum noted that a strong and predictable carbon price trajectory, as called for in the Commission’s report, would help provide the stability the private sector needs to move investment into long-term, climate-friendly projects, dramatically increasing the total amount of resources available to address climate change.

    LACCF 2017 comprises high-level plenaries—including an address by former Mexican President Felipe Calderón scheduled for Friday, 20 October—workshops and roundtables to share the latest on climate finance, carbon pricing, sectoral climate action and data and information for transparency. It brings together key players from the private and public sectors—cooperating agencies, potential investors, project developers, service providers—to share the latest on climate action.

    LACCF is co-organized by:

    Secretariat of Environment and Natural Resources, Mexico

    United Nations Framework Convention on Climate Change

    UNEP DTU Partnership

    United Nations Development Programme

    World Bank Group

    Development Bank of Latin America

    Inter-American Development Bank

    Latin American Energy Organization

    United Nations Environment Programme

    International Emissions Trading Association


    For further information, please contact:

    Fabiana Rodrigues, UN Climate Change at:

    frodrigues(at)unfccc.int, +49 (0) 228-815-1288

    See also:

    Twitter: @UN_ClimateTalks, @UN_CarbonMechs  #LACCF2017

    Facebook: facebook.com/UNclimatechange, facebook.com/UNcarbonmechs

  • 18 Oct 2017 2:32 PM | Anonymous member (Administrator)

    Contact: Katie Kouchakji, press@ieta.org  

    MEXICO CITY, 18 October – As this year’s Latin American and Caribbean Carbon Forum gets underway in Mexico City, IETA is releasing the first Spanish translations of its Emissions Trading 101 educational materials.

    The Emissions Trading 101 briefings are designed to inform a broader audience and newcomers to the carbon market on aspects of market design and trading, such as allocation, auctions, offsetting and emissions monitoring. The six briefings now available in Spanish cover: Article 6 of the Paris Agreement; Cap and trade: the basics; Benefits of emissions trading; Carbon pricing and competitiveness; Monitoring, reporting and verification; and Offsets in California.

    “Carbon pricing is on the rise across the world, and in particular across Latin America,” says IETA’s CEO and President Dirk Forrister. “As more nations look at emissions trading, businesses will need more resources such as IETA’s Emissions Trading 101 series to help them get to grips with the topic.”

    He adds: “For a complex topic, language can be another barrier to overcome, which is why we feel it is important to have our resources available in other languages whenever possible.”

    The full Emissions Trading 101 library, both in English and Spanish, is available on the IETA website.

    To keep up to date with IETA’s work, follow us on Instagram, LinkedIn and Twitter

  • 18 Oct 2017 11:45 AM | Anonymous member (Administrator)

    Contact Katie Kouchakji, kouchakji@ieta.org

    Brussels, 18 October - Ahead of today’s second trilogue meeting on the review of the EU ETS rules on international aviation, where measures to safeguard the bloc’s carbon market from an impact of a hard Brexit are to be discussed, IETA is calling on EU policymakers to protect the EU ETS from any adverse impacts.

    IETA’s statement urges both the European Parliament and the Council to agree on measures which would protect the EU ETS in the case of a hard Brexit, however:

    1. Taking into account all policy options with the respective benefits and costs related; impact on environmental integrity and market stability, sustained confidence in the market and existing transaction patterns.
    2. Ensuring that the adopted solution does not create uncertainty and can be implemented in a timely and orderly manner.
    3. Warranting that any measure agreed should be reversible in case of changed circumstances, especially if the UK decides to stay in the EU ETS and agrees to the terms and conditions of its continued participation (by the end of Phase 3 or beyond).

    IETA’s preferred solution would be that the EU and the UK agree on a continued participation by UK companies in the EU’s carbon market until the end of 2020 at a minimum.

  • 13 Oct 2017 11:36 AM | Anonymous member (Administrator)

    Contact: Katie Kouchakji, press@ieta.org  

    BRUSSELS, 13 OctoberEU negotiators need to finalise the reform to the EU ETS at the next trilogue meeting, as negotiations yesterday failed to reach a final deal.

    While representatives from the European Parliament, the Council and the European Commission made progress in yesterday’s negotiations, the talks collapsed over a disagreement on coal safeguards proposed for the Modernisation Fund. This Fund is designed to support low-carbon transition in poorer EU Member States. The European Parliament called for a 450 g/kWh Emission Performance Standard for projects to receive modernisation funding. However, the EU Presidency opposed the Parliament’s demand. When the Parliament insisted on its position, the talks ended for the night with plans to resume soon.

    “We urge negotiators to redouble their efforts to reach a deal at the next trilogue meeting, set to be held before this year’s round of UN climate negotiations in a few weeks,” says IETA’s CEO and President Dirk Forrister. “An agreement is needed to send a strong signal that the EU is serious about its leadership role in the international climate policy arena and in helping make the Paris Agreement a success.”

    “Business has been calling for clarity and certainty on rules for a long time, especially as the launch of MSR is drawing ever nearer,” says Julia Michalak, IETA’s Director of EU Policy. “The reform process must finally bring predictability and boost confidence in the long-term future of the EU’s carbon market.”

    To keep up to date with IETA’s work, follow us on social media. IETA has accounts on Twitter,  LinkedIn and Instagram

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