Template:Emissions No Encumbrances comp

The absence of encumbrances — which, in the early days of the emissions trading world, where birth pangs still ricocheted and fraudulent waves lapped across the primordial carbon soup of the EU Emissions Trading Scheme, was a matter of some concern — is covered fulsomely, and consistently, in all the emissions master trading documents. See:

• “No Encumbrances” (para (d)(vii) in the ISDA EU Emissions Annex
• “No Encumbrances” (cl 5.3) in the IETA Master Agreement and, of all things
• “No Encumbrances” (cl 6.3) in the EFET Master Agreement Allowances Annex.

Here is a comparison of ISDA vs IETA and, while you’re at it, comparison IETA v EFET. Oh, go on, here is the comparison of ISDA v EFET too. Don’t say I don’t spoil you.