What is COP31? Everything you need to know and what it means for carbon markets.

World climate leaders will gather in Antalya, Turkey, from 9 to 20 November 2026, for COP31. This annual United Nations climate conference brings together governments to negotiate how to limit global warming, reduce greenhouse gas emissions and help countries tackle climate change. This year’s conference comes at a crucial time.

Countries have made climate commitments, but global emissions are still too high for the world to move towards limiting global warming to 1.5°C. Governments are also facing increasing pressure to provide climate finance and turn their pledges into concrete action. When it comes to carbon markets, COP31 could bring further progress on international carbon trading, climate finance and the rules governing carbon credits under the Paris Agreement. Here’s everything you need to know about COP31, the main topics on the agenda and why the results matter for carbon markets and the global energy transition.

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