Global Carbon Market Network Launched at COP31 to Enhance Climate Finance for Developing Economies
The Global Carbon Market Network was officially launched at the 31st United Nations Climate Change Conference (COP31) in Antalya, Türkiye. Convened by UN Trade and Development (UNCTAD), this network brings together leading financial institutions, exchanges, and carbon market organizations, with the Global Carbon Council (GCC) joining as a founding member. The launch ceremony, held at the Arab Climate Pavilion, gathered climate experts, government representatives, and stakeholders from various regions, including Africa, Asia, the Middle East, Europe, and Latin America. The network's primary objective is to strengthen connections between carbon markets, improve transparency, enhance investor confidence, and facilitate climate finance flows, particularly for mitigation projects in developing countries. It aims to address market fragmentation by focusing on connecting existing voluntary and compliance markets, improving system interoperability, and developing consistent market practices, rather than creating n...