SCB is pleased to announce that it has joined the International Emissions Trading Association (IETA), the industry body with a mandate to establish a functional international framework for trading in greenhouse gas emission reductions.
“We’re very happy to have SCB become a member of IETA as we strive to deliver the Paris Agreement’s climate protection goals. In common with SCB, IETA advocates the power of markets to price carbon effectively and deliver net-zero targets. We’ll be working together to strengthen and scale-up carbon markets to finance the climate transition. We are glad to have SCB on board as your long commitment towards a low carbon future is widely recognized.” said Dirk Forrister, IETA’s President and CEO.
Members include leading companies united in the challenge to develop an emissions trading scenario that results in real and verifiable greenhouse gas emission reductions, while balancing economic efficiency with environmental integrity and social equity.
SCB CEO, Kevin McGeeney said, “Relentless energy and unparalleled expertise have established SCB as world-leading experts in the environmental products market. We bring that approach to IETA as together we seek to strengthen the credibility and functionality of today’s carbon markets.”
IETA members celebrate the benefits of market cooperation, and SCB will share best practices on the promotion of carbon pricing systems as a valuable means of channeling increased finance to the climate transition.
Recent market commentary heralding the accelerated growth of high-integrity voluntary carbon markets (VCM) underpins SCB’s view of the importance of scaling-up the VCM in order to help deliver a net zero future.
