, APAC
/Loren Elliott from Reuters

Aon becomes first member with risk capital capabilities in greenhouse gas association

It targets to assist clients in decarbonisation efforts.

Aon announced its membership in the International Emissions Trading Association (IETA), a non-profit organisation focused on establishing an international framework for trading greenhouse gas emission reductions, with a commitment to balancing economic efficiency, environmental integrity, and social equity.

This makes Aon the first member with risk capital capabilities.

Aon's partnership with IETA aligns with its mission to influence decisions for the better, safeguarding and enhancing the well-being of people worldwide.

Aon aims to assist clients in accelerating their investments in decarbonisation and climate resilience while aiding in the transition to a lower-carbon economy. 

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Aon also seeks to gain deeper insights into carbon market developments, trends, emerging regulations, and contribute to the development of market-based climate solutions for reducing greenhouse gas emissions, which are critical for organizations striving to achieve net-zero targets.

Established carbon markets play a crucial role in helping businesses mitigate the impacts of climate risk. However, there are pressing challenges related to trust-building, reliability, risk management, and volatility management. Aon, in collaboration with IETA and its members, will work in hopes to address these challenges.

 

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