The Institute for Global Environmental Strategies (IGES), which serves as the secretariat of the Paris Agreement Article 6 Implementation Partnership (A6IP) Center, has signed a memorandum of understanding with the International Emissions Trading Association (IETA), building on their common goals and objectives to implement and enhance the market mechanisms stipulated in Article 6 of the Paris Agreement.
In order to fully harness the potential of Article 6 and international carbon markets, the role of the private sector will be essential. By partnering with IETA as the leading business voice on ambitious market-based climate solutions across the world, the A6IP Center aims to scale up its efforts towards liquid and reliable international high integrity carbon markets.
This agreement marks a significant step towards achieving the goals of the Paris Agreement and contributing to the mission of the A6IP Center.
Purpose and Scope of the Agreement
The Parties share common goals and objectives in addressing the challenge of climate change, including but not limited to the following:
- Both Parties will promote a shared vision of carbon market solutions under Article 6 as key policy instruments for addressing climate change.
- Both Parties will foster the role of the business sector in mobilising finance and technology at the scale necessary to achieve the goals of the Paris Agreement.
- Both Parties will participate in the design and implementation of national and international rules and guidelines to support integrity, confidence and growth in carbon markets.
International Emissions Trading Association (IETA)
Since 1999 IETA has been the leading voice of business on ambitious market-based climate change solutions and driving net zero. IETA advocates for trading systems for emissions reductions and removals that are environmentally robust, fair, open, efficient, accountable and consistent across national boundaries. Representing more than 300 leading international organisations, IETA is a trusted partner in developing international policies and market frameworks to reduce greenhouse gas emissions at the lowest cost while building a credible path to net zero emissions. For more information, please visit here.
