IETA Welcomes Establishment of VCM Governance Body
IETA welcomes today’s announcement from the Task Force on Scaling the Voluntary Carbon Markets (TSVCM) on the formation of a new independent governing body for the voluntary carbon market.
The TSVCM has today established a Governance body, led by a Board of Directors and guided by a Senior Advisory Council. These will be supported by an Executive Secretariat in which IETA will participate.
“This is an impressive leadership group, and IETA is dedicated to helping it to succeed,” said Dirk Forrister, IETA’s CEO.
“IETA is honoured to be involved in the work of the Secretariat, with three such well-regarded partners in the Green Finance Institute, the British Standards Institute and the Center for Climate and Energy Solutions.”
For more than 20 years IETA has worked at the nexus of climate, finance and policy to advocate for robust, transparent and ambitious market mechanisms to help combat the challenge of climate change. The organisation has participated in many “firsts”, including the launch of emissions markets in the EU and California as well as in the voluntary market.
Through its International Carbon Reduction and Offset Alliance initiative, IETA has also been closely involved in the voluntary markets for more than two decades.
“There is a lot of work to do to get this new entity up and running,” Forrister added. “We’re committed to environmental and market integrity – and we’re bringing our wealth of experience to help it succeed.”
About the TSVCM
The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) is a private sector-led initiative working to scale effective and efficient voluntary carbon markets to help meet the goals of the Paris Agreement.
Over 250 TSVCM member institutions represent buyers and sellers of carbon credits, standard setters, the financial sector, market infrastructure providers, civil society, international organizations and academics.
The Taskforce has been working to establish the infrastructure for scaled and high-integrity voluntary markets for the trading and exchange of carbon credits since September 2020.