COP31: UNCTAD launches a global network of carbon markets to boost climate finance.

• UNCTAD will launch a new global network at COP31 to connect fragmented carbon markets and encourage cross-border investment.

• This initiative aims to improve transparency, credit integrity and market infrastructure, with developing economies being some of its main beneficiaries.

• Global carbon pricing generated more than $107 billion in government revenue by 2025, highlighting the sector’s growing economic importance.

The United Nations Trade and Development Organization (UNCTAD) is preparing to launch the Global Carbon Market Network at COP31, with the aim of strengthening carbon finance and attracting investment in climate projects in developing countries, as international carbon trading faces persistent challenges in terms of transparency, standards and credit quality.

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