IETA’s North America Climate Summit closes after record attendance and launching a framework agreement for secondary market transactions

NEW YORK CITY, 23 September – After two and a half days of events discussing carbon markets for net zero, IETA’s 2022 North America Climate Summit came to an end on Thursday.

More than 600 delegates attended the meeting in person, with many more participating virtually in more than 31 sessions covering the state and latest developments in global carbon markets.

Participants underlined the critical need for carbon markets for companies and countries to meet their net-zero ambitions.

There was excitement and strong support for the United States’ Inflation Reduction Act that is aimed at stimulating climate action across the country.

During the Summit, IETA released an essential framework agreement for secondary market transactions in verified carbon credits.

Emphasising the need for the framework, Dirk Forrister, President and CEO at IETA said, “As the voluntary carbon market continues to grow, market participants need to be assured of credit integrity and transact in a safe and efficient manner and effectively manage risks.”

IETA will now shift its event focus to Latin America; the organisation’s annual Latin American and Caribbean Climate Summit takes place on October 18-19 in Rio de Janeiro.