At London Climate Action Week, the UK, Kenya, and Singapore launched a groundbreaking international coalition to strengthen voluntary carbon markets and support global ESG and carbon neutral strategy goals. The “Coalition to Grow Carbon Markets” aims to issue shared principles on high-integrity carbon credit use ahead of COP30 in Brazil, driving private investment into climate-positive projects, particularly in emerging economies. 

Joined by France, Panama, and Peru, the Coalition will deliver jurisdiction-wide guidance to enhance market confidence, ensure environmental integrity, and unlock up to $250 billion in climate finance by 2050. With backing from the International Chamber of Commerce and the Integrity Council for the Voluntary Carbon Market (ICVCM), the initiative addresses widespread calls from businesses for regulatory clarity on carbon credit usage. 

“This Coalition will help foster investor and stakeholder confidence and strengthen the integrity of these markets while delivering real emissions reductions,” said Grace Fu, Singapore’s Minister for Sustainability and the Environment. 

A central focus is on channelling capital into Emerging Markets and Developing Economies (EMDEs) without exacerbating debt burdens—supporting clean energy, nature restoration, and sustainable agriculture. Businesses will benefit from clear, consistent policies for incorporating carbon credits into broader net-zero plans while prioritizing tangible emissions reductions. 

UK Minister for Climate Kerry McCarthy emphasized that the Coalition “gives businesses the clarity they need to invest in high-integrity credits that drive real impact for climate and nature.” 

Expected by COP30 in November 2025, the Coalition’s principles will align global markets, ensuring interoperability and transparency. This unified effort marks a significant step forward for credible carbon offsetting and global cooperation on decarbonization. 

By advancing high-integrity carbon markets, the Coalition boosts corporate ESG efforts and accelerates the global carbon neutral strategy—supporting both environmental outcomes and economic resilience in the Global South. 

Source: 

https://esgnews.com/uk-kenya-and-singapore-launch-government-coalition-to-boost-high-integrity-carbon-markets/