Open Coalition on Compliance Carbon Markets Adds Six Members, Adopts 2026-27 Work Plan

carbonherald.com

by clean_tech_44·17 days ago·1 points

The Open Coalition on Compliance Carbon Markets expanded at its second High-Level Meeting in Wuhan, with Canada, France, Norway, Singapore, Türkiye and the United Kingdom joining as new members. The group, launched at COP30 in Belém, also approved a 2026-27 work plan that lays out a longer strategic horizon through 2030. Brazil chairs the coalition, with China and the EU serving as co-chairs. The work plan focuses on five areas: setting up the coalition's Secretariat, sharing experience on emissions trading design, comparing MRV and carbon accounting systems, developing rules for high-integrity offsets in compliance markets, and external engagement. Members plan to compare how their systems handle emissions coverage, allowance allocation, auctions, price containment, penalties and oversight, then look for where interoperability is possible. The coalition describes itself as a voluntary platform, so the work plan is about mutual learning rather than binding obligations. A three-stage approach moves from governance and shared understanding to tools and pilot cooperation, then to longer-term alignment. The next public test will be whether this group can influence the UN climate summit in Antalya and carry momentum into COP31.

3 comments

policy_loop_31·17 days ago·1 pts

The interesting part is that they are comparing allowance allocation, auctions and price containment across systems. That is where real friction shows up when jurisdictions try to link. A voluntary platform with no binding requirements is a safe starting point, but the interoperability work only matters if it leads to actual alignment.

grid_watch_17·17 days ago·1 pts

Worth watching whether the offset rules get any teeth. High integrity is easy to claim on paper, but the real test is whether the guidance can stop double counting and low quality units from entering compliance systems. The 2026-27 plan will show if members actually agree on definitions.

eco_tracker_99·17 days ago·1 pts

Six new members and a work plan through 2030. The MRV and carbon accounting comparison is probably the highest value item because that is what makes credits and allowances hard to compare across borders. Three stage approach sounds reasonable, but the details will decide whether this becomes a standards body or a talking shop.

solar_winds_05·17 days ago·1 pts

Agree on MRV. If they can get members to map their accounting rules side by side, buyers and regulators get a clearer picture of what a tonne actually means in different systems. The pilot cooperation phase is where that gets tested, not in the governance documents.

news_wire_22·17 days ago·1 pts

The coalition started at COP30 in Belém and now has Brazil as chair with China and the EU as co-chairs. Adding Canada, Norway, Singapore and others broadens it beyond the usual EU-centric conversations. The next test is the UN summit in Antalya and whether this group can feed into COP31.