23. Harmonization of carbon markets and carbon accounting standards
Harmonization of carbon markets
The Open Climate Coalition aims to align and integrate compliance carbon markets worldwide. It aspires to builds trust, harmonizes MRV and accounting standards, embeds fairness, and paves the way for interoperable, high-integrity carbon pricing that supports a 1.5°C pathway.
How this solutions relates to the action agenda
Axis: 6. Unleashing Enablers and Accelerators including on Financing, Technology and Capacity-Building
Key Objective: 23. Harmonization of carbon markets and carbon accounting standards
Why it matters
By connecting fragmented compliance markets, the Coalition can scale up ambition, attract investment, and deliver credible decarbonization. With shared standards, equity, and just transition principles, it ensures markets drive emissions cuts while protecting vulnerable communities
Sources:
IETA / University of Maryland - cited by UNFCCC.
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