International Emissions Trading Association (IETA)

International Emissions Trading Association (IETA)


The International Emissions Trading Association (IETA) is a Swiss-based trade association founded in June 1999 “to address climate challenges with market solutions.”1Our History,” Archived December 31, 2018. URL: The organization’s membership roster includes some of the world’s largest fossil fuel and energy distribution companies.

IETA’s stated objective is to “achieve climate objectives with minimal economic harm,” and its activities have focused primarily on influencing global emissions trading and pricing policies. IETA has been actively engaged in monitoring and shaping carbon market mechanisms in the Paris Agreement as well as its predecessor, the Kyoto Protocol.“2Our History,” Archived December 31, 2018. URL: 3Our Members: Energy & Power Providers,” Archived July 8, 2020. Archive URL:

Founding members of IETA include ABB, BP, Ecosecurities, the Emissions Trading Association of Australia, International Primary Aluminium Association, KPMG, Mitsubishi, Natsource, Norsk Hydro, Rio Tinto, and Transalta. According to the International Emissions Trading Association’s website, the organization received early administrative and legal support from the United Nations Conference on Trade and Development (UNCTAD) and the World Business Council for Sustainable Development (WBCSD).4Our History,” Archived December 31, 2018. URL: 5Our Members: Energy & Power Providers,” Archived July 8, 2020. Archive URL:

According to IETA’s materials, the group’s first official member gathering took place at the International Petroleum Exchange in London. In 2007 the group established an office in Brussels “to engage in policy and market development,” as well as in Washington, D.C., and opened an office in Toronto in 2010.6Our History,” Archived December 31, 2018. URL:

The International Emissions Trading Association is an accredited observer to United Nations climate talks. It claims to be “the leading international advocacy voice for emissions markets7Our History,” Archived December 31, 2018. URL: and a think tank “able to drive market standards.”8Our Principles,” Archived December 31, 2018. URL:

IETA‘s Influence on the Paris Agreement and International Climate Negotiations

During the 2018 COP24 United Nations climate negotiations, the IETA may have played a key role in drafting sections of the Paris Agreement that pertain to carbon emissions trading. IETA CEO and president Dirk Forrister told DeSmog UK in 2018 that “most of the ideas that we think are important for the market credibility are in the [negotiating] text.”9Chloe Farand. “Inside the Tent: Big Polluters Work to Shape Paris Agreement Rules at the UN Climate Talks,” DeSmog UK, December 13, 2018. URL: IETA director David Hone, who also serves as Shell’s chief climate change advisor told The Intercept that IETA “put together a straw proposal. Many of the elements of that straw proposal appear in the Paris agreement.” Hone is also Shell’s chief climate change advisor.10Katie Aronoff. “Shell Oil Executive Boasts That His Company Influenced the Paris Agreement,” The Intercept, December 8, 2018. Archived December 31, 2018. URL:

In a 2017 report, the group Corporate Accountability International (CAI) revealed that at 2017’s COP23 climate negotiations in Bonn, Germany, a former IETA president negotiated carbon trading rules as a member of a government delegation. CAI‘s report, “Polluting Paris: How big polluters are undermining global climate policy,” exposed efforts by major carbon emitters and trade organizations to shape global markets and climate agreements.11Mike Small. “Growing Pressure for Lobbying Transparency in Climate Talks,” DeSmog UK, April 30, 2018. URL:

In 2016, DeSmog reported that at the COP22 negotiations in Marrakesh, Morocco, the International Emissions Trading Association sponsored a “business hub” inside the summit’s inner “blue zone,” an area generally reserved for negotiation with country delegations. IETA also sponsored multiple corporate events outside of the official gathering, and provided member representatives with credentials to attend the negotiations.12Mat Hope. “Meet the Fossil Fuel Lobbyists and Climate Science Deniers at the Marrakech COP22 Talks,DeSmog UK, November 15, 2016. URL:

Stance on Climate Change

April 13, 2015

Speaking in a video produced by the World Bank, IETA CEO and president Dirk Forrister noted that many business leaders had dismissed climate change until recently. This shift in perspective coincided with growing debate about how best to curb emissions: through tax policy, “command and control” by national or supranational entities, or market-based solutions.13Dirk Forrister. “Expectations for a Paris climate agreement & the role of carbon pricing,” The World Bank, April 13, 2015. (Video no longer available). Archived January 7, 2019. URL: Archived .mp4 on file at DeSmog. 14Our Mission,” Archived December 31, 2018. URL:


The International Emissions Trading Association has several membership tiers, with fees ranging from the equivalent of about $9000 (8,400 Swiss francs) for entities with fewer than 51 employees, to $27,000 (25,500 Swiss francs) for those with headquarters in OECD countries and 251 or more employees. It does not disclose the sources of its additional funding.15Our Members: Energy & Power Providers,” Archived July 8, 2020. Archive URL: 16IETA Membership Application 2023, Archive March 8, 2023. Archive URL:

IETA Members

Category & Name20192020
Banks & Exchanges  
AirCarbon Exchange Y
Bank of America/Merrill LynchYY
BNP ParibasYY
BV Rio Y
CBL MarketsY 
Climate Resources Exchange (CRX)Y 
Guotai Junan SecuritiesYY
ICE (Intercontinental Exchange)YY
NACX (North American Climate Exchange)Y 
Permian Global Y
Terra Global Capital Y
Xpansiv Y
ACT CommoditiesYY
AitherCO2 Y
Allcot GroupY 
Althelia Ecosphere | Ecosphere +Y 
BGC PartnersYY
CE2 Carbon CapitalY 
CF Partners Y
EDF EnergyYY
Elbow River Y
EnKing InternationalYY
Environmental Commodity PartnersYY
Gunvor Global Commodities TradingY 
Hartree Y
Koch Supply & TradingYY
Natural Capital Partners Y
Permian GlobalY 
Powerex Y
Terra Global CapitalY 
Zhixin Carbon AssetYY
Certifiers / Verifiers  
Carbon Credit Solutions Inc.Y 
Ruby Canyon EngineeringY 
Allcot Group Y
Bloomberg New Energy FinanceYY
BP | Target NeutralYY
Brinkman ClimateY 
C-Quest Capital Y
Carbon Bay Y
Carbon Finance Labs Y
ClearBlue MarketsYY
Climate Cent FoundationY 
Climate Neutral GroupYY
Climate Solutions GroupY 
ClimatePartner Y
CO2 Logic Y
Cool Effect Y
Delphi GroupYY
EcoAct Y
Ecosphere Y
EnerKe Y
Enviro-Mark Solutions Y
First ClimateYY
Green Assets Y
HIS MarkitY 
IHS Markit Y
Klik Y
Korea Research Institute on Climate ChangeY 
MGM Innova GroupY 
Microenergy Credits Y
Natural Capital PartnersY 
Nature BankY 
Point CarbonY 
PriceWaterhouseCoopers (PWC) Y
Refinitiv Y
Solsystems Y
South PoleYY
TDR EnergyYY
The Climate TrustYY
Thomson ReutersY 
Vivid EconomicsYY
VNV AdvisoryYY
YC Consultants Ltd. Y
Acwa PowerYY
BHP BillitonYY
Capital PowerYY
Cez GroupYY
Dalkia Group EDFY 
Dow ChemicalYY
Drax Y
Elbow RiverY 
GasNatural FenosaY 
Heartland Generation Y
Holcim Y
Hydra Y
Lafarge HolcimYY
LNG Canada Y
Mitsui & Co.YY
Naturgy Y
Nova ChemicalsYY
Ontario Power GenerationYY
Rio TintoYY
Suncor EnergyYY
TC Energy Y
Trucknet Y
Vattenfall Y
Wolf Midstream Y
Woodside Y
Law Firms  
Baker McKenzieYY
Beveridge & Diamond PCY 
DeMarco Allan LLPYY
Latham & Watkins LLPYY
Norton Rose FulbrightYY
Reed SmithYY
Sheppard MullinYY
Standards & Others  
American Carbon RegistryYY
American Forestry Foundation Y
Arbor Day FoundationYY
Carbon BayY 
CarbonCredit Solutions Inc. Y
Cercarbono Y
Climate Action ReserveYY
Global Carbon Council Y
Gulf Organization for Research & DevelopmentY 
Ruby Canyon Engineering Y

Edison Electric Institute Funding

A 2015 990 filing by the Edison Electric Institute showed a contribution in the amount of $15,000 for the sponsorship of an IETA conference. EEI is a trade association of U.S. electric utility companies that has consistently fought against net metering.

Key People

Board of Directors

Name201917Governance,” Archived January 7, 2019. URL:
Abyd KarmaliYYDirectorManaging Director & Global Head of Carbon Markets, Bank of America Merrill Lynch
Andrei MarcuYYHonorary Board MemberICTSD/ERCST, Former IETA President & CEO
Arthur LeeYYDirectorFellow and Principal Advisor, Environmental & Climate Change, Chevron
Christine Faure-FediganYYDirectorDirector, Corporate Climate Policy, Engie
Daniele AgostiniYYDirectorHead of Low Carbon Policies & Carbon Regulation, Enel
David HoneYYDirectorChief Climate Change Adviser, Shell
Ed MaYYDirectorSenior Advisor, Suncor
Enric Arderiu SerraYYDirectorEmissions Originator, BP
Federico Di Credico YDirectorManaging Director, ACT Financial Solutions
Fiona WildYYDirectorVP Environment and Climate Change, BHP
Hendrik Rosenthal YDirectorDirector – Group Sustainability, CLP Holdings Limited
Jeanne NgY DirectorDirector, Research Institute, CLP Holdings Limited
Jonathan GrantYYVice ChairpersonDirector, Sustainability & Climate Change, PwC
Jonathan Shopley YDirectorManaging Director, External Affairs, Natural Capital Partners
Lisa DeMarco YVice ChairpersonSenior Partner, DeMarco Allan LLP
Liv RatheYYDirectorDirector, Hydro
Mary Grady YDirectorDeputy Director, American Carbon Registry
Matthew BatesonY Vice ChairpersonGlobal Practice Leader for Energy, Environment & Climate Change, Rio Tinto
Paul DawsonYYDirectorHead of Regulatory Affairs, RWE Supply & Trading
Rick SainesYYChairman of the BoardCounsel, Baker McKenzie
Takashi HongoYYDirectorSenior Fellow, Mistui Global Strategic Studies Institute


Name201918IETA Fellows,” Archived January 7, 2019. URL:
Anne-Marie WarrisYYFellow 
Bill KyteYYFellowE.ON, Powergen
Bob PageYYFellowformer Vice President for Sustainable Development at Transalta
Bruce BraineYYFellowAEP (retired)
Dirk ForristerYYFellowNatsource
Frank JoshuaYYFellow 
Gudmunder SigurthorssonY Fellowformer Senior VP, DNV
Joan MacnaughtonYYFellowChair of the World Energy Trilemma at the World Energy Council
John KilaniYYFellowUNFCCC, ret.
Ken NewcombeYYFellowformer head of the World Bank’s Carbon Finance Unit
Marc StuartYYFellowco-founder of EcoSecurities
Mark ProeglerYYFellowformer executive at BP
Pedro Moura CostaYYFellowEcoSecurities
Richard GledhillYYFellowPwC
Sir Charles NicholsonY Fellowformerly of BP
James Cameron Y  
Jean-Yves Caneill Y  
Jack Cogen Y  
Rutger De Witt Wijnen Y  
Karen Degouve Y  
Dan Dudek Y  
Christiana Figueres Y  
Charles Nicholson Y  
Richard Sandor Y  
Gudmundur Sigurthorsson Y  
Vikram Widge Y  
Errick “Skip” Willis Y  


October 31–November 12, 2021

The International Emissions Trading Association attended COP26, the twenty-sixth U.N. climate conference, according to the official provisional list of registered participants.19“Provisional list of registered participants” (PDF), UNFCCC, November 1, 2021. Archived .pdf on file at DeSmog.

Listed IETA representatives included:

  • Derrick Forrister — Chief Executive Officer
  • Andrea Abrahams
  • Adam Berman
  • Andrea Bonzanni
  • Ellen Lourie
  • Pierra-Lisa Spafford — Director, Strategic Partnerships
  • Kathleen Eleanor Sullivan
  • Edwin O B Aalders — DNV
  • Evan Ard — Evolution Markets
  • Enric Arderiu — Serra Mercuria Energy Group
  • Berşan Aslan — CarbonBay
  • Michael John Avery — Carbon Finance Laboratory
  • Nuno Barbosa — Unicarbo Energia Biogas
  • Eron Bloomgarden — Emergent Forest Finance Accelerator
  • Michael Brennwald — Foundation for Climate Protection and Carbon Offset
  • Jean-Philippe Brisson — Latham & Watkins, LLP
  • David Cairns — Equinor ASA
  • Renata Campetti Amaral — Trench, Rossi e Watanabe Advogados
  • Jane Ellen Caskey — Norton Rose Fulbright LLP
  • Philippe Chauveau — Solvay
  • Sandeep Roy Choudhury — VNV Advisory Services
  • Mischa Classen — Foundation for Climate Protection and Carbon Offset
  • Neil Brian Cohn — Chia Network Inc.
  • Anthony Joseph Cottone — Carbon Finance Laboratory
  • Cornelis Johannes Hendrikus Cozijnsen — Climate Neutral Group
  • Michael Robert Oliver Curran — Vitol SA
  • Nick D’Alleva — CBL Markets
  • Paul Dawson — RWE
  • Cédric de Meeûs — Head, Group Public Affairs, Holcim
  • Gino de Villa — Hatch Ltd.
  • Federico Di Credico — ACT Commodities
  • Daniel S. Dowling — PricewaterhouseCoopers
  • Anna Katarzyna Dubowik — Negative Emissions Platform
  • Max DuBuisson — Indigo Ag
  • Nigel Dunn — Senior Vice President, British Petroleum Company
  • Leslie Durschinger — Terra Global Capital, LLC
  • Simon Eaves — CEO Accenture, UKI, Accenture
  • Tania El-Khoury — EDF Trading Limited
  • Arttu Emil Fiva — Equinor ASA
  • William Flederbach — ClimeCo
  • Magdalena García Mora — Acciona
  • Nicholas Brigg Gogerty — Carbon Finance Laboratory
  • Jonathan Robin Grant — Rio Tinto plc
  • Jonathan Grassiano — ACT Commodities
  • Alastair Handley — Radicle Group Inc
  • Scott Hernandez — CBL Markets
  • Ed Hewitt — Respira International
  • Vicki Hollub — Oxy
  • David Hone — Shell International Limited
  • Takashi Hongo — Mitsui & Co Global Strategic Studies Institute
  • Andrew Howard — Verra
  • Ahmed Idriss — Capital Power Corporation
  • Iyesogie Catherine Igiehon — Linklaters LLP
  • Marianne Jegonday — TotalEnergies
  • Eline Kajim — Rabobank
  • Edit Kiss — Mirova Natural Capital
  • Roman Kramarchuk — S&P Global Platts
  • Anne Lapierre — Norton Rose Fulbright
  • Alexandra Clare Liftman — Bank of America
  • Jeremy Ray Manion — Arbor Day Foundation
  • Graeme Martin — Pilot Company
  • Jonathan Eric Ockwell McGillivray — Resilient LLP
  • Thomas McMahon — AirCarbon Pte, Ltd.
  • Greg McNab — Baker & McKenzie LLP
  • Mathilde Mignot — EcoAct
  • Jonathan Mitchell — Suncor
  • Brian Thomas Moynihan — Bank of America
  • Julie Tamara Mulkerin — Chevron Corporation
  • Paz Nachón Lopez — Vertis Environmental Finance
  • Jesko Neuenburg — Accenture
  • Ken Newcombe — C-Quest Capital
  • Douglas Hunter Parks — Green Assets, Inc.
  • Ingrid Parramon — Vice President, British Petroleum Company
  • William Andres Pazos — ACX Exchange
  • Gerard George Pecht — Norton Rose Fulbright
  • Ana Milena Plata Fajardo — Biofix
  • Malavika Prasanna Venkatesan — Wildlife Works
  • Ingo Puhl — South Pole
  • Kishor Rajhansa — Gulf Organisation for Research and Development
  • Genevieve Resnick — Cool Effect
  • Justin Reynolds — Carbon Trade Exchange
  • Plínio Ribeiro — Biofílica Investimentos Ambientais
  • Philip Roche — Norton Rose Fulbright LLP
  • Natalia Rodrigo Vega — Allcot AG
  • Jimmy Rajdeo Sah — Infinite Solutions
  • Jeremy Seager — Verra
  • Joachim Sell — First Climate
  • Wayne Sharpe — Carbon Trade Exchange
  • Jonathan Shople — Natural Capital Partners
  • Jeffrey Swartz — Director, BP
  • Gavin Templeton — Pollination
  • Michiel ten Hoopen — ClearBlue Markets

December 15, 2018

Expressing frustration that negotiators at the COP24 U.N. climate conference in Katowice, Poland, had deferred finalization of carbon market rules until 2019, IETA CEO and president Dirk Forrister stated in a press release:

If countries want to ramp up climate action, they must get more serious about international cooperation through market incentives. But we should not let this slow us down – we don’t have time to waste. While we wait for the rules to firm up, committed countries and businesses should team up to start building cooperative markets – and the rule writers can catch up later.”20Press Release – COP24 fails to deliver on mandate for carbon market cooperation,”, December 15, 2018. Archived January 8, 2019. URL:

December 7, 2018

At an IETA event organized outside of the UN’s COP24 climate summit in Katowice, Poland, Shell’s chief climate change advisor and IETA director, David Hone, claimed credit for the inclusion of Article 6 in the Paris Agreement. Article 6 pertains to the methods with which the hydrocarbon industry can claim to reduce emissions by buying credits from other companies.21Kate Wheeling. “How Oil Companies Are Still Undermining the Paris Agreement,” Pacific Standard, December 11, 2018. Archived January 7, 2019. URL:

Speaking to reporters, Hones said:

We have had a process running for four years for the need of carbon unit trading to be part of the Paris agreement. We can take some credit for the fact that Article 6 [of the Paris agreement] is even there at all. We put together a straw proposal. Many of the elements of that straw proposal appear in the Paris agreement. We put together another straw proposal for the rulebook, and we saw some of that appear in the text.”22Kate Wheeling. “How Oil Companies Are Still Undermining the Paris Agreement,” Pacific Standard, December 11, 2018. Archived January 7, 2019. URL: 23Katie Aronoff. “Shell Oil Executive Boasts That His Company Influenced the Paris Agreement,” The Intercept, December 8, 2018. Archived December 31, 2018. URL:

Hone also admitted that the oil and gas industry would prefer that emissions trading protocols be the only state-sanctioned instruments for GHG regulation:

The ideal for a cap-and-trade system is to have no overlapping policies … if you really wanted it to work as effectively as it possibly could. But I’m being a bit idealistic there, I suspect.”24Katie Aronoff. “Shell Oil Executive Boasts That His Company Influenced the Paris Agreement,” The Intercept, December 8, 2018. Archived December 31, 2018. URL:

Responding to Hones’ revelations, Friends of the Earth International’s Sara Shaw said in a statement:

We have a message for Shell and companies that pretend the solution to the climate catastrophe doesn’t demand the end of fossil fuels. To the Shell executives who got rich from the suffering of the Ogoni people and communities living on the front-lines of dirty energy and climate change impacts, we say you are the last gasp of a system on the way out. You are on the wrong side of history. We will not rest until you stop extracting fossil fuels and pay for the damage you have caused.”25Anietie Akpan. “Environmentalists want Shell expelled from climate talks,” The Guardian, December 18, 2018. Archived January 7, 2019. URL:

December 9, 2014

IETA hosted a panel discussion at the COP20 U.N. climate negotiations in Lima, Peru, entitled “Linkage Among Climate Policies in the 2015 Paris Agreement.” The panel’s focus was “the role of carbon markets in the new Agreement. Panellists will discuss how the Paris agreement might facilitate or impede linkage among cap and trade, carbon tax, and non-market regulatory systems. Panellists will also address related issues involving market mechanisms in the new Agreement.”26Kyla Mandel. “Here’s What Amber Rudd Missed When She Didn’t go to the Lima Climate Talks Last Year,” DeSmog UK, November 5, 2015. URL:


The International Emissions Trading Association co-founded the Carbon Expo, an annual carbon trading conference, since renamed Innovate4Climate. According to IETA, the event is “the largest and most authoritative gathering of carbon market stakeholders.”27Our History,” Archived December 31, 2018. URL:

  • Emissions Trading Association of Australia — A trade association that participated in founding IETA.28Our History,” Archived December 31, 2018. URL:
  • International Primary Aluminium Association — A trade association that participated in founding IETA.29Our History,” Archived December 31, 2018. URL:

Contact & Address

IETA listed the following contact information on its website  as of March 2023:30CONTACT US,” IETA. Archived March 8, 2023. Archive URL:

GENEVA (Head Office):

Grand-Rue 11
CH-1204 Genève
E-mail: [email protected] 
Tel:  +41 22 737 05 00


Rue du Commerce / Handelsstraat 123
1000 Brussels, Belgium
E-mail: [email protected] 
Tel:  +32 2 893 02 39


1001 Pennsylvania Ave. NW 
Suite 7117
Washington, D.C., 20004 USA
E-mail: [email protected] 
Tel: +1 470 222 IETA (4382) 

180 John Street
Toronto, ON, Canada M5T 1X5 
E-mail: [email protected] 
Tel: +1 416 500 4335

Note that as of January 2019, IETA had a different Toronto address:31Contact Us,” Archived January 8, 2019. URL:

481 University Avenue, Suite 703
Toronto, ON, Canada M5G 2E9 

As of 2020, IETA had a different Geneva address:32CONTACT US,” IETA. Archived July 8, 2020. Archive URL:

24, rue Merle d’Aubigné
CH-1207 Genève

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