EU Launches Coalition to Enhance Carbon Market Integrity with Global Partners
The European Union, in collaboration with Brazil and China, has initiated an Open Coalition aimed at improving the integrity and effectiveness of carbon markets. This initiative is part of efforts to support the Paris Agreement, a legally binding international treaty on climate change established in 2015. The coalition seeks to develop and strengthen domestic carbon markets and carbon pricing policies, focusing on robust monitoring, reporting, and verification systems. The European Commission has outlined priorities such as enhancing carbon pricing effectiveness and improving carbon credits quality. New Zealand and Germany are the first countries to join, with Brazil chairing the coalition for the first two years. 
