GENEVA, 9 January - The Governing Council of the International Emissions Trading Association is delighted to announce the appointment of three carbon market pioneers as IETA Honorary Fellows.
Vikram Widge, International Finance Corporation. Until recently, Mr. Widge served as the Global Head of Climate Finance and Policy at the International Finance Corporation (IFC), the private sector focused arm of the World Bank Group. During his 25-year tenure, he developed and managed IFC’s carbon finance business, including delivering products like the Carbon Delivery Guarantee to bridge credit risk between emerging market sellers and European buyers, and the award-winning Forests Bond that linked interest payments to forestry carbon credits. For a period, he oversaw the Group’s cross-cutting carbon market development work, including the Partnership for Market Readiness (supporting countries preparing carbon pricing programmes), the initiative on the next generation of Networked Carbon Markets, and the Pilot Auction Facility. He is currently affiliated with the Arsht-Rockefeller Resilience Center at the Atlantic Council in Washington, DC.
Karen Degouve, Natixis. Ms Degouve is Head of Sustainable Business Development at Natixis, a major French financial institution active across 38 countries. She is a former board member of IETA and led the growth of Natixis’ climate finance business from the outset of the carbon market in 2005. She managed the pioneering European Carbon Fund at Natixis, which was one of the first private-sector led investment initiatives focused on delivering emissions reductions under the Kyoto Protocol. Karen currently coordinates sustainability strategies across the full range of Natixis’ business lines.
Dan Dudek, Environmental Defense Fund. Dan Dudek is EDF’s Vice President for Asia. For most of the past 20 years, he has worked to build EDF’s programme in China that explores how market-based approaches can advance its emissions objectives. Dan is widely credited with developing the cap-and-trade model that the Bush Administration adopted in the early 1990’s to control sulfur dioxide in the United States. That programme succeeded in reducing emissions below target levels and at a fraction of the predicted costs. More recently, he was a member of California’s advisory committee on the cap-and-trade program for greenhouse gases, which is now in operation and delivering climate benefits.
Each year IETA honours three individuals as Honorary Fellows in recognition of their outstanding contributions to IETA’s mission of advancing market-based solutions to climate change.
“Over the years, these three leaders were part of a broad business movement that delivered climate solutions through the innovation of markets,” said Dirk Forrister, IETA President and CEO. “We’re proud to recognise their contributions as inspiration for those working to develop the next generation of climate innovations.”
A full list of IETA Fellows can be seen on our website here.