IETA for 20 years alongside companies to fight climate change
This month IETA, (International Emission Trading Association), the organization created to support companies engaged in the carbon market and to be able to develop an international policy and a shared scheme to reduce greenhouse gas emissions at lowest possible cost, celebrates its 20 years.
A long journey that has marked an important milestone in the transformation of the ways in which we face global climate change and the relationship between developed and developing countries.
To celebrate IETA, he decided to publish "On the origins of IETA", an article written by Frank Joshua that, in his previous role at the United Nations Conference on Trade and Development, was instrumental in founding IETA. In his contribution he tells how a handful of visionaries with guidance and passion for using the markets to combat pollution led to the creation of IETA many years ago.
In fact the true story of IETA origins begins in June 1992. Twenty-seven years ago this month, during the Summit in Rio while the United Nations Framework Convention on Climate Change (UNFCCC) was established, the discussions also assumed how to design a global tax on carbon and a regulation of the Carbon Markets.
Despite the passing of the years, IETA remains a point of reference and guide, globally, to allow companies to engage in a climate action consistent with the objectives of the United Nations Framework Convention on Climate Change and to actively support the creation of effective market-based trading systems for greenhouse gas (GHG) emissions that are fair, open, efficient, responsible and consistent.
Carbonsink is proud to be part of the IETA network since 2015 and is committed to promoting an integrated vision of the emissions trading system as a concrete solution to climate change.
For more information on IETA