Lloyd’s Register Quality Assurance (LRQA) has strengthened their existing alliance with the International Emissions Trading Association (IETA) by joining the Business Partnership for Market Readiness (BPMR). The BPMR is IETA’s Industry-to-Industry Emissions Trading Dialogues for the Next Generation of Carbon Markets.
Carbon markets are entering an important new phase of development, as emissions trading programs are emerging in new places around the world. Sixteen developing countries are participating in the World Bank’s Partnership for Market Readiness (PMR). As these programs take shape, IETA will mobilise its membership (which includes Lloyd’s Register Quality Assurance) to assist in building business readiness for these new markets through the Business Partnership for Market Readiness (B-PMR).
Madlen King, LRQA Global Head of Climate Change and Sustainability, recently attended the inaugural meeting for this initiative in London and commented; “IETA’s membership spans the globe – with major energy, industrial, financial and service companies in virtually every PMR partner jurisdiction. LRQA believes that IETA is ideally positioned to assist in preparing local businesses to operate successfully in these new markets. By sharing our experiences from existing carbon markets along with our industry insight, IETA will be able to promote common understanding with local businesses in PMR countries, share best practices and, where appropriate, assist in the policy development processes. LRQA is delighted to be part of the initiative.”
LRQA will be drawing on the collective expertise of their global network of climate change specialists to communicate the BPMR. The first initiative will see Rob Hansor, Head of Climate Change & CSR LRQA Asia speaking at an IETA-led BPMR event in Shenzhen and Guangdong at the end of February 2013.
For more information on LRQA’s climate change services, visit http://www.climatechange.lrqa.com or to learn about the BPMR visit www.ieta.org/b-pmr.