The private sector and REDD: “Turning liabilities into assets”

International Emissions Trading Association (IETA) was by far the biggest “NGO” at last year’s climate conference in Bali. In Poznan, IETA has hired a building inside the International Trade Fair where the climate conference is taking place. With sponsorship to be in Poznan from BP, Shell, Enel, AES, Chevron, TÜV SÜD, SGS and the Industrial Technology Research Institute, IETA is no ordinary NGO. It is, in its own words, dedicated to “the establishment of effective market-based trading systems for greenhouse gas emissions by businesses”. On day three in Poznan, REDD-Monitor visited IETA’s side event on “REDD in the voluntary markets: Lessons Learned”. Needless to say, IETA is in favour of trading carbon from forests.
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“Saving the rain forest is no longer just about helping such countries as Brazil and Indonesia preserve their exotic fauna and flora. Now it is about benefiting American corporations too.” — Margot Roosevelt, Los Angeles Times, October 2009

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