Carbon trading ‘to expand due to Paris climate deal’

Carbon markets are expected to expand as a result of the Paris agreement. That’s according to 82% of the 146 carbon traders from the International Emissions Trading Association (IETA) surveyed by PwC, which added the figure is up from 58% from 2015. IETA members were asked questions about “a broad range of organisation types and […]

Carbon markets ‘need to be linked’ for cross border trading

Emissions trading systems around the world need to be linked together according to International Emissions Trading Association (IETA). In its annual Greenhouse Gas Markets report the association said 2013 had been a good year for the development of carbon markets around the world. Although trading volumes had fallen in the European and Kyoto markets, it […]

Green light for negotiations on ‘backloading’ EU ETS

Negotiations between the European Parliament and Council of the European Union on ‘backloading’ the Emissions Trading Scheme (ETS) have been given the green light by the European Committee of Permanent Representatives. A surplus of emissions allowances in the ETS – partly the result of reduced economic activity during the recent downturn – has pushed down […]

EU carbon price back-loading earns second chance?

Beleaguered plans to postpone or “backload” carbon allowances under the EU’s Emissions Trading Scheme have been given a boost after MEPs on the EU’s environment committee voted for them a second time. The EU ETS is meant to push businesses towards cutting their emissions by putting a cost on the carbon they emit but allowances […]

MEPs vote against back-loading EU emissions scheme

Members of the European Parliament today rejected a crucial measure to stop a flood of allowances for carbon emissions sweeping the market. MEPs voted against ‘back-loading’ carbon permits, which would have withheld 900 million permits from the EU’s flagship Emissions Trading Scheme and helped prop up the price of carbon. Firms in large energy intensive industries […]

Davey demands “more ambitious” carbon cuts from countries

UK Energy Secretary Ed Davey has called on countries around the world to “be more ambitious” about cutting emissions after the UN’s climate change talks in Doha nearly stumbled over the weekend. Last week’s talks had to be extended over the weekend after they were initially meant to finish on Friday, with reports of delegates […]

Emissions traders want action on low carbon price

Most businesses which have to pay for their carbon emissions on the EU Emissions trading scheme want action to bring up the price of allowances. A poll of businesses by the International Emissions Trading Association (IETA), the voice of firms from wide-ranging industries about carbon permits, found a majority were in favour of creating a […]

Push back release of carbon permits, says international trading group

A Brussels-based trade body has told the European Commission that a crucial scheme meant to keep a check on emissions should push back the number of carbon permits put out for auction. The EU is debating whether to “backload” the number of carbon allowances available in the EU Emissions Trading Scheme to try and prop […]

Carbon trading markets are ‘policy of choice’

Carbon trading markets are the “policy of choice” for cutting emissions around the world, according to a new report released today by the International Emissions Trading Association (IETA). This is despite “continued inaction” from the US Congress on climate legislation and “pressing need for reform” in the European Union’s Emissions Trading Scheme (ETS), said the […]