Declared lobbyists: 1 FTE
Lobby spend: €100,000 – €200,000 (2014)
IETA is the main lobbyist for a global market in greenhouse gases which allows companies and countries to trade the right to pollute. IETA’s members include big energy companies (BP, Shell, Vattenfall) and banks (BNP Paribas, Bank of America Merrill Lynch) among others. IETA is a lobbying powerhouse at UN climate change talks, often with the largest accredited non-governmental delegation present, bringing almost 500 members to the crucial but disastrous COP15 in Copenhagen in 2009. Five years later at COP20 they held a misleading event inside the negotiations entitled “Why Divest From Fossil Fuels when a Future With Low Emission Fossil Energy
Use is Already a Reality”. The panel which included the World Coal Association and Shell claimed that with the (failing) carbon capture and storage technology there was no need to move away from fossil fuels. The public backlash saw more than 60,000 people call on the UNFCCC to kick big polluters out of climate policy.
IETA has the ear of policy-makers despite the fact that their proposed solution to climate change isn’t working. Emissions trading has not substantially reduced emissions in the EU, but has seen some of the dirtiest industry players handed lucrative free permits to pollute at taxpayers’ expense. It also undermines other climate and emissions control policies and is susceptible to fraud and gaming.