The European Union promotes a new global coalition of carbon markets at COP30

In the framework of the UN Climate Summit (COP30) being held in Belém, the European Union has announced its support for the Leaders’ Declaration on Carbon Markets, a joint initiative with Brazil that seeks to accelerate global decarbonization through carbon pricing and international cooperation. As reported by the European Commission, the European Union has worked closely with the Brazilian Presidency of COP30 to develop the Declaration on the Open Coalition for Compliance with Carbon Markets, which is being presented today during the world leaders segment of the conference. This new agreement promotes carbon pricing and market mechanisms as key tools to meet national climate commitments and move towards a low-emission global economy. During her speech, the President of the European Commission, Ursula von der Leyen, highlighted the value of this international cooperation and encouraged other countries to follow Brazil’s example in creating their own national carbon markets. “Carbon pricing has become a central tool to reduce greenhouse gas emissions, with both economic and social benefits.

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