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Making Markets Work for the Environment

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Making Markets Work for the Environment
[pic] MAKING MARKETS WORK FOR THE ENVIRONMENT

IETA, founded twelve years ago after the signing of the Kyoto Protocol, is a global trade association dedicated to the use of carbon pricing, emissions trading and market mechanisms to combat climate change cost-effectively. From offices in Geneva, Brussels, Washington, San Francisco and Toronto it helps achieve the design, implementation and operation of carbon markets and emissions trading systems that work smoothly from the perspective of business and offer the best route to the eventual creation of a fully global carbon market.

IETA received legal non-profit status from the government of Switzerland in June 2000, and received United Nations Framework Convention on Climate Change (UNFCCC) non-governmental organization (NGO) accreditation in October 2000.

IETA is dedicated to ensuring that the objectives of the UN Framework Convention on Climate Change and of climate protection are met through the establishment of effective systems for the trading by businesses in greenhouse gas emissions. IETA strives to ensure that any such system functions in an economically efficient manner while maintaining social equity and environmental integrity.

IETA works to:

• advocate and promote emissions trading as an important element of addressing future carbon-constrained regimes; • develop standards in the GHG market, including for contracts in carbon trading, the financial accounting of greenhouse gases, and the validation and verification of emission reduction projects; • assist in global capacity-building through the organization of workshops and conferences with local stakeholders, governments and international experts; • provide a website to serve as the main information centre on emissions trading, project mechanisms and related issues; and • Organize a structured feedback process between IETA members and regulators such as the Kyoto Protocol’s Clean Development Mechanism executive

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