International Emissions Trading Association
IETA is a non-profit organization created in June 1999 through the cooperation of UNCTAD and the World Business Council for Sustainable Development (WBCSD). Its aim is to establish a functional international framework for trading greenhouse gas (GHG) emission reductions.
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 board.
IETA's diverse membership includes emitters, solution providers, brokers, verifiers and those involved in legal compliance. IETA also cooperates with the WBCSD.
IETA Discussion Papers, IETA Position Papers and several IETA workshops and memos. See the website.