Type of actor: organisation
Who are they ?
The IETA is a nonprofit business organization 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.
What is their position ?
CCS represents one of several important mitigation options needed to achieve the significant emissions cuts needed this century.
The future financing needed for large-scale future deployment of CCS will not be achievable through deploying CCS projects in developed countries alone. And it is crucial to finance and deploy CCS in developing countries as soon as possible. CCS will be needed along with other appropriate mitigation actions to help developing countries reducing their emissions. The incentives provided by the CDM to finance early opportunities can provide the critical first steps along the pathway to meeting this challenge.
The UN decision to allow the inclusion of CCS in the CDM would send a positive message to the international community that CCS plays an important role in addressing climate challenges.
Sources
Position paper