Brazil Lobbies EU, China to Join COP30 Carbon Market Coalition
About 28% of global emissions are currently subject to a carbon price.
Photographer: Luke Sharrett/BloombergBrazil is trying to build a coalition of countries, including the European Union and China, to unify carbon markets globally as it prepares to host this year’s COP30 climate summit.
Officials are working on a proposal to better integrate national emission trading systems and the standards that underpin them, according to a draft document seen by Bloomberg. The push is part of Brazil’s Action Agenda, which seeks to help countries implement their climate commitments.