At COP30, an international coalition of governments unveiled the Shared Principles for Growing High-Integrity Use of Carbon Credits by Companies and Other Buyers, a new global framework designed to harmonize how corporations engage in carbon markets. The initiative—launched under the Coalition to Grow Carbon Markets and co-chaired by Kenya, Singapore, and the United Kingdom, with founding support from France and Panama—seeks to provide a consistent policy environment that encourages companies to use high-integrity carbon credits as a complement to their direct emissions reduction efforts.

The Shared Principles, informed by input from governments, business leaders, and market experts, rest on six key pillars: using credits in addition to decarbonization, ensuring quality standards, promoting fair value and social benefits, guaranteeing transparent reporting, making substantiated claims, and fostering market development. Each endorsing government commits to develop supportive policies aligned with the framework. The accompanying Plan of Action includes steps for policy implementation, capital mobilization, and market development. UK Climate Minister Katie White emphasized that the coalition aims to unlock new investment and strengthen global climate action through credible, transparent carbon markets.

Link:
https://www.iom3.org/resource/international-coalition-on-carbon-credits.html