Complementary to our core advocacy work, IETA also runs initiatives to support carbon market development.
Through our Business Partnership for Market Implementation (B-PMI), we run industry-led dialogues to support countries in efficiently engaging with carbon markets to achieve their NDCs and increase their climate ambition to be aligned with the Paris Agreement goals. Taking advantage of our membership and partnerships, we bring market practitioners from diverse geographies to help the public and private sectors in this journey. We build on our expertise from the former B-PMR initiative to support the development of the infrastructure and policy framework needed to promote high-integrity voluntary carbon markets, develop efficient domestic compliance mechanisms, and participate in Article 6.
The International Carbon Reduction and Offset Alliance (ICROA) brings together firms offering carbon management services, to promote best practice approaches to voluntary emissions reductions. It is managed by an independent secretariat housed within IETA. For more information, visit the ICROA website.
Markets for Natural Climate Solutions is a new IETA initiative working to create global markets for carbon credits generated from Natural Climate Solutions (NCS). Its mission is to maximise private sector investment in NCS to ensure it plays the fullest role possible in delivering the goals of the Paris Agreement. For more information, visit the dedicated Markets for NCS website.