IETA welcomes Canada's Article 6 participation framework development

The International Emissions Trading Association (IETA) has welcomed Canada's announcement to develop a framework for participating in international carbon markets under Article 6 of the Paris Agreement. This initiative will facilitate the trading of Internationally Transferred Mitigation Outcomes (ITMOs). IETA stated that the framework would allow Canada to meet climate goals cost-effectively, attract investment, and diversify trade. The organisation also highlighted Canada's potential as a global supplier of carbon dioxide removal and other high-integrity mitigation outcomes. IETA's 300+ members plan to support the government, provinces, territories, and Indigenous organisations in developing this framework.

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