Carbon markets: a coalition launched by the EU, Brazil and China to "boost integrity and effectiveness"

The European Commission, on behalf of the European Union, together with Brazil and China, officially launched the Open Coalition on Compliance Carbon Markets in a signing ceremony in Florence, Italy, they announced on 08/05/2026.

The new international initiative aims "to strengthen global cooperation on carbon pricing. It follows the declaration endorsed by Commission President Ursula von der Leyen at COP30 in Belem, Brazil, in November 2025".

According to the Commission, the Coalition will "enhance the effectiveness, transparency and integrity of domestic carbon markets worldwide, supporting the delivery of the Paris Agreement".

Thereby, the coalition will provide a platform for cooperation "on the development and strengthening of domestic carbon markets and carbon pricing policies".

Its work will focus on key elements such as :
• "robust monitoring, reporting and verification systems,
• sound carbon accounting methodologies
• and the potential use of high integrity offsets to promote environmental integrity".

"It is now open to countries with nationwide compliance carbon markets, such…