China, Turkey and Ethiopia announced a joint initiative at COP31 in Antalya to strengthen international cooperation on carbon credit markets. The plan calls for fair, inclusive and voluntary participation, and it puts a strong emphasis on high integrity standards for both supply and use of credits. The initiative also covers information exchange and interoperability between market infrastructure, which could help credits move across borders without double counting. Officials from Ethiopia and Brazil voiced support, with Brazil highlighting the need to link voluntary and regulated carbon credit markets. The text is short on operational detail, but the direction aligns with ongoing efforts to make carbon markets more credible.
