IETA’s GHG Market Report 2023 showcases the evolving carbon market
DUBAI, 10 December – With global policymakers focusing more closely than ever on the role of business and markets in achieving net zero, IETA’s latest annual GHG Market Report examines how carbon markets have evolved and how they’re being reshaped to deliver emissions reductions at the required scale.
Evolution of the carbon markets looks at how compliance markets, project-based approaches, and the voluntary market have all changed and need to change to meet the challenge of a net-zero future. Articles include how project-based approaches have developed and grown since the 1990s by EcoSecurities, what the EU can do to move to net-zero emissions, how Australia is targeting industrial decarbonisation, the evolving landscape for the voluntary market, and a future vision for carbon removals.
The report also includes Driving Climate Ambition, a piece produced with Forbes on how businesses are stepping up on climate change voluntarily, as well as a report from ICROA’s World Café discussion in New York and a spotlight on integrity.
“Carbon markets continue to evolve to meet the call for a net-zero world and will be vital in delivering that future,” says IETA President and CEO Dirk Forrister. “The world needs both compliance and voluntary markets to realise this – and this year’s report shows some of the ways in which carbon markets can make net zero possible.”
“This past year has also seen IETA rebrand as we hone our mission on reaching this long-term collective goal, and this year’s GHG report reflects this long-standing commitment and belief that carbon markets are the most efficient and cost-effective means to decarbonise the global economy.”
Other highlights include an IETA member’s opinion on Article 6, the growth in market-based approaches in Latin America, digital infrastructure to revolutionise the carbon market, and a wrap of the year’s key news by Carbon Pulse.