The European Union, Brazil, and China have established the Open Coalition on Compliance Carbon Markets to standardize carbon pricing and emissions tracking. The group focuses on improving monitoring, reporting, and verification systems to ensure national carbon markets operate with higher integrity. Open to any country with a nationwide carbon tax or emissions trading system, the coalition aims to align carbon accounting methods and define the role of offsets. Germany and New Zealand were the first to join the initiative, with a formal work plan expected in September 2026.
