IETA denies that ETS is broken

ostirala, 2012.eko maiatzak 25

The International Emissions Trading Association Wednesday denied that Europe's carbon trading system is broken, dismissing suggestions by a German exchange operator Tuesday that industry does not support the scheme.

German exchange operator Bayerische Borse Tuesday said it will close its carbon trading platform Greenmarket on June 30 due to declining carbon prices and a lack of acceptance of emissions trading by the market, among other reasons.

But Geneva-based IETA said ongoing growth in the European carbon market suggests Bayerische Borse's cited reasons for an exit from the carbon market do not stack up.

"We are sorry to see an exit like this, but we are confident of the long-term viability of the market -- as is demonstrated by successful performance of other exchanges," said IETA CEO and president Dirk Forrister in a statement late Wednesday.

Fuente: Platts

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