Aon joined the International Emissions Trading Association (IETA) as the first member with risk capital capabilities.
IETA is a non-profit organization that sets out to establish an international framework for trading greenhouse gas emission reductions while “balancing economic efficiency with environmental integrity and social fairness.”
Aon suggests that its membership in IETA supports its mission to shape decisions for the better, and to “protect and improve the lives of people around the world.”
“Innovation in data, analytics and risk transfer solutions enables Aon to help clients accelerate their investments in decarbonization and climate resilience and help transition to a low-carbon economy ,” the company explained.
Aon went on to note that it intends to develop further insights into 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 “affect on an organization’s ability to achieve net-zero targets.”
Dirk Forrister, president and CEO of IETA, commented, “Carbon credits are an important part of the journey to net zero. As in any developing market, the need for clear information, actionable advice and solid support are essential for companies looking to harness the potential of carbon markets.
“We welcome Aon’s determination to help businesses on their journey to reduce emissions and transition to a low-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 organization’s Natural Climate Solutions working group.
Aon said that together, the pair will support IETA’s drive towards transparency and enhanced governance of the carbon market in both emerging markets and developed economies.
Moudrak commented, “The voluntary carbon market is expanding rapidly and represents an important opportunity to drive the environmental and social impacts of climate change.
“Risk solutions will help bring an additional layer of confidence to this market, which will help facilitate investment in high-integrity decarbonization solutions.
“Aon’s insights into developments in the voluntary carbon market allow us to better advise our clients in their transition to a low-carbon future as we navigate new forms of in order.”
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 can help drive a massive relocation of capital, creating new opportunities and stronger results.
“We believe that a thriving, reliable carbon market is a cornerstone of the new economy and we look forward to working with IETA and its members in these efforts.”