Aon has joined the International Emissions Trading Association as the first member with risk capital capabilities. IETA is a non-profit organisation that seeks to establish an international framework for trading in greenhouse gas emission reductions.

Aon says its IETA membership will enable it to to help clients accelerate their investments in decarbonisation and climate resiliency and aid in the transition to a lower-carbon economy. It aims to develop further insights on carbon market developments and trends as well as emerging rules and regulations and help develop market-based climate solutions for greenhouse gas emissions reductions that can impact an organisation’s ability to meet net-zero targets.

Dirk Forrister, president and CEO of IETA, said: “Carbon credits are an important part of the journey to net zero. As with any emerging market, the need for clear information, actionable advice and robust support is vital for companies seeking to leverage the potential of carbon markets. We welcome Aon’s determination to assist business’s journey to reduce emissions and transition to a lower-carbon economy.”

Natalia Moudrak, North America leader for Aon’s climate team, will join IETA’s voluntary carbon markets working group, and Stephanie Betts, head of alliances, coalitions and reporting for Aon, will join the organisation’s natural climate solutions working group.

Moudrak said: “The voluntary carbon market is rapidly expanding and represents a significant opportunity to drive environmental and social impacts on the climate transition. Risk solutions can help bring an additional layer of confidence to this market, helping accelerate investments into high-integrity decarbonisation solutions.”

Betts added: “Climate risks are complex and interconnected and require companies, associations and governments to work together to mitigate. Active collaboration has never been more important between the public and private sectors. Compelling market incentives will help drive a large-scale reallocation of capital, creating new opportunities and stronger outcomes. We believe that a thriving, trusted carbon market is a cornerstone of this new economy and we look forward to collaborating with IETA and its members on these efforts.”

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