The Emissions Trading Master Agreement (ETMA) was launched in June 2003, and was the first contract used for transactions of the EU Allowances. The objective of this work has been to facilitate trades, and, by streamlining the contractual process, helping to reduce transaction costs in the market. In addition, recognizing that these companies will want a shorter agreement to document their trades, without the complex provisions found in master agreements, IETA has developed a Single Trade Agreement to meet the requirements of a wider number of market participants. Both agreements are available for free download.
