The OECD Committee on Fiscal Affairs invites public comments on its preliminary analysis of the tax treaty issues related to the trading of emissions permits. This analysis addresses the application of the provisions of the OECD Model Tax Convention to profits and gains arising from the cross-border trading of emissions permits. Comments on this analysis should be sent before 30 October 2011 to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org).