EU, China Join Brazil-Led Carbon Market Coalition

The European Union and China agreed to join Brazil in a coalition aimed at improving collaboration on carbon markets — one of the main innovations the South American nation is bringing to the COP30 climate summit.

The coalition also includes the UK, Canada, Chile, Armenia, Zambia, France, Mexico and Germany was announced in Belém on Friday. The initiative seeks to bring countries together to align practices and standards in carbon markets.