Monday, 17th November 2025

COP 30 Brazil

Brazil convened high-level leaders on Saturday, 15 November, to advance discussions on the Open Coalition on Compliance Carbon Markets, launched during the Climate Summit in Belém on 7 November. The commitment has already received the endorsement of 18 countries. The initiative seeks to establish a shared standard and connect different carbon credit trading systems to generate liquidity, predictability, and transparency for the sector. “This initiative is based on the recognition that compliance carbon markets play a central role in accelerating the decarbonization of our economies and in advancing the implementation of the Paris Agreement,” explained Maurício Lyrio, Secretary for Climate and Environment at Brazil’s Ministry of Foreign Affairs. “Our objective is to leverage compliance carbon markets while maintaining environmental integrity and ensuring a just transition for all,” he added. The international commitment is being developed under the leadership of Brazil’s Ministry of Finance, represented by Deputy Executive Secretary Rafael Dubeux. “We have been discussing how to transition away from fossil fuels in a structured, orderly, and equitable manner. A regulated carbon market is one of the essential pathways to achieve this goal,” he stated.