Dialog / Info
The ITA is a global multistakeholder initiative to catalyse decarbonisation across heavy-emitting industry and transport sectors, that represent a third of global emissions. With expansive networks across industry, financial institutions, and governments, the ITA brings together global leaders to unlock investment at scale, for the rapid deployment of decarbonisation solutions.
Within three years, it aims to significantly grow the pipeline of commercial-scale, clean industrial projects to reduce emissions by 2030 and enable delivery of Paris Agreement-aligned ambition for these sectors.
The World Business Council for Sustainable Development (WBCSD) is a global community of over 225 of the world’s leading businesses driving systems transformation for a better world in which 9+ billion people can live well, within planetary boundaries, by mid-century. Together, we transform the systems we work in to limit the impact of the climate crisis, restore nature and tackle inequality.
We accelerate value chain transformation across key sectors and reshape the financial system to reward sustainable leadership and action through a lower cost of capital. Through the exchange of best practices, improving performance, accessing education, forming partnerships, and shaping the policy agenda, we drive progress in businesses and sharpen the accountability of their performance.
Dialog / Emerging
Emerging mechanisms
This toolkit is not intended to be a static document. Innovations in moving from green demand signal to green purchase are ever-present. Promising emerging mechanisms not yet available on a commercial scale are highlighted here for reference. The ITA will explore integrating additional mechanisms as they emerge in the future.
Scope 3 Market Mechanism®
This mechanism uses a new contractual legal framework called “Sector Transition Acceleration Contracts” (STACs) to aggregate demand around a standardised market template. Coined as ‘insetting’, the S3MM structure is also designed up front to accommodate a blended finance 'investment sidecar‘ for matched funding by governments/multilaterals, adding to its potential to maximise results.
This mechanism uses a new contractual legal framework called “Sector Transition Acceleration Contracts” (STACs) to aggregate demand around a standardised market template. Coined as ‘insetting’, the S3MM structure is also designed up front to accommodate a blended finance 'investment sidecar‘ for matched funding by governments/multilaterals, adding to its potential to maximise results.
Dialog / Video
More Slide
Emerging mechanisms
This toolkit is not intended to be a static document. Innovations in moving from green demand signal to green purchase are ever-present.