Coalition to Grow Carbon Markets Announces COP31 Policy Playbook

The government-led Coalition to Grow Carbon Markets, comprising Canada, Indonesia, France, Kenya, Panama, Peru, Singapore, Switzerland, the UK, New Zealand and Zambia, plans to release a Policy Playbook at COP31. The playbook is expected to give national policymakers practical options for stimulating corporate demand for high-integrity carbon credits and implementing the Coalition’s Shared Principles. These principles require companies to use credits in addition to direct decarbonization, prioritize environmental integrity and social safeguards, disclose their use transparently, make substantiated claims, and support market growth. The initiative responds to persistent credibility and demand challenges in voluntary carbon markets by seeking clearer government guidance and stronger international policy alignment. Although the playbook has not yet been published and its measures are not necessarily binding, it could improve buyer confidence, encourage private-sector participation and long-term purchasing commitments, and support investment in carbon projects and market infrastructure. Project developers could consequently benefit from more predictable demand, while buyers may receive clearer guidance on credible credit use.
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