The International Emissions Trading Association (IETA), has reviewed the Copenhagen outcome and the verdict is positive, seeing solid steps forward in international cooperation, albeit accompanied by a few steps backward in areas of cooperation.

The IETA observes that Heads of State are engaged and negotiating: this has become recognised as one of the defining issues of our time for world leaders, not just Environment Ministers.

The biggest polluters are lining up as the key parties for future negotiations and the developed world is putting “serious money on the table”, whilst advanced developing countries are putting forward ambitious plans for domestic mitigation.

IETA understandably sees the shift away from quantified emissions reductions back to notions of future temperatures as a step backwards, along with resuming national pledges with common monitoring.


They conclude that cutting carbon is still the smart business objective, whether the carbon is in existing operations, new technologies or international projects. Economic fundamentals, including domestic carbon pricing (firmly established through national law), “ought still to drive business propositions”.

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