IETA releases Carbon Market Readiness Training Guide to help new wave of markets
BARCELONA, 22 May – IETA is proud to release its first Carbon Market Readiness Training Guide, featuring corporate experts who share their market experiences through the Business Partnership for Market Readiness (B-PMR) global outreach.
The guide, commissioned by the World Bank’s Partnership for Market Readiness (PMR), is aimed primarily at private sector actors in regions where carbon markets are planned or under development. Tackling issues such as offset strategies, competitiveness concerns, risk management, carbon accounting, and internal governance, each chapter was written by a private sector carbon market practitioner.
“The BPMR has been helping businesses in developing countries prepare for emissions trading since its launch in 2012, and this guide is the next step in our outreach and educational efforts,” says Jeff Swartz, Managing Director at IETA who oversees the initiative. “We hope these resources will continue to be of use and value for years to come.”
He adds: “IETA’s membership has a vast and diverse experience with the world’s carbon markets to date, and many valuable lessons to share. This guide draws on their years of being at the frontline of emissions trading and the best practice solutions they have found for their businesses.”
“For carbon pricing to be politically and operationally viable, efforts by governments and businesses cannot take place in isolation. We are pleased to be working with IETA’s B-PMR and its member companies to facilitate public-private interaction in countries pursuing such policies,” says Venkata Putti, Manager of the World Bank’s Carbon Markets & Innovation Unit, who oversees the PMR. “The training guide will be used in countries to train tomorrow’s corporate climate champions.”
IETA launched the B-PMR in 2012, to enhance the work of the PMR by educating the private sector in countries developing carbon markets. Through its outreach missions, the B-PMR brings representatives from businesses with experience in emissions trading in Europe, the US, Canada and Australia to share knowledge and best practice with local counterparts.
IETA is the voice of business on carbon markets around the world. Established in 1999, IETA's members include global leaders in the oil, electricity, cement, aluminium, chemical, technology, data verification, broking, trading, legal, finance, and consulting industries.