EU, Brazil and China launch open coalition to boost integrity and effectiveness of carbon markets

The European Union, Brazil, and China have launched a new open coalition aimed at improving the integrity and effectiveness of global carbon markets. The initiative will focus on strengthening cooperation on carbon market governance, transparency, accounting standards, and market oversight while supporting implementation of Article 6 under the Paris Agreement. The coalition is open to additional countries and organizations seeking to promote high-integrity international carbon markets. Market participants view the partnership as an important signal of growing international coordination among major carbon market players. The initiative also reflects increasing attention on issues such as corresponding adjustments, double counting prevention, market transparency, and harmonization of carbon market standards as global carbon trading expands.
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