A new guide aimed at helping private sector actors in further developing carbon markets has been released by The International Emissions Trading Association (IETA). The guide, commissioned by the World Bank's Partnership for Market Readiness (PMR), tackles 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, and includes a contribution from experts at South Pole Group.
Each author also filmed a brief video, highlighting their chapter. The videos are available on both on the training guide's webpage and the IETA YouTube page. The South Pole Team's chapter tackles the Monitoring, Reporting, Verification (MRV) methodology of offset mechanisms, 'MRV and the Challenges Accompanying Offset Generation', and the video summary can be found on our YouTube channel here.
"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."
The guide reflects increasing action across public and private sectors to realign business strategies to meet Paris Agreement goals, objectives that are also being discussed at the Innovate4Climate and Sustainable Brands Detroit events this week.
Quotes and original text sourced from the IETA press release found here.