The Coalition is co-chaired (from left) by Ali Mohamed, Kenya Special Climate Envoy; Rachel Kyte, UK Special Representative for Climate; Ravi Menon, Singapore Ambassador for Climate Action. (Photo: Singapore Government)
To encourage greater corporate participation in voluntary carbon markets, the governments of Singapore, the United Kingdom, and Kenya have launched the Coalition to Grow Carbon Markets, the first government-led initiative of its kind.
The coalition aims to establish unified high-integrity standards for carbon credits across its members, boosting market confidence and incentivizing companies to invest in decarbonization.
Building trust to accelerate decarbonization in emerging markets
The coalition emphasizes that a well-functioning carbon market can unlock vital funding for sustainable decarbonization in emerging and developing economies, playing a key role in achieving global climate goals. Future financing efforts will focus on four areas: accelerating global emissions reductions, restoring nature, reducing pollution, and generating lasting co-benefits for local ecosystems and communities.
