Carbon finance: UNCTAD’s Global Carbon Market Network to launch at COP31

United Nations Trade and Development (UNCTAD) convenes the Global Carbon Market Network, which will launch on 12 November 2026 at the 31^st UN climate conference (COP31) in Antalya (Türkiye), the agency announced on 10 November 2026.

The Network aims to reduce fragmentation in carbon markets and direct more investment towards climate projects, particularly in developing countries. It does not set up a new carbon market or standard, but plans to connect existing voluntary and compliance markets and initiatives. Among its objectives, the agency lists closer links between carbon and capital markets, more transparency and credibility, and easier cross-border transactions.

UNCTAD said markets remain split across different standards, registries and trading systems, and that concerns over credit…