Coalition to Issue Shared Principles by COP30: New cross-government initiative to deliver unified guidance on carbon credit use by businesses globally.
Boosting Confidence and Finance: Aims to restore corporate trust and unlock up to $250B in climate finance by 2050.
Focus on Emerging Markets: Coalition will channel private capital to climate-positive projects in developing economies without increasing debt burdens.
A first-of-its-kind international coalition led by Singapore, the United Kingdom, and Kenya will issue shared global principles to strengthen voluntary carbon markets and scale climate finance ahead of COP30 in Brazil.
Announced at London Climate Action Week, the Coalition to Grow Carbon Markets aims to create clear, unified guidance for the use of high-integrity carbon credits by businesses. France and Panama are founding members, and Peru has formally endorsed the initiative.
“To help unlock private sector finance at the scale and pace needed to support global climate ambitions, we must energise the carbon markets,” said Grace Fu, Singapore’s Minister for Sustainability and the Environment. “This Coalition will help foster investor and stakeholder confidence and strengthen the integrity and interoperability of these markets while delivering real emissions reductions.”
The coalition is responding to private sector demand for more consistent government direction on the role of carbon credits in decarbonization strategies. Its work will focus on increasing confidence, scaling demand, and directing investment to Emerging Markets and Developing Economies (EMDEs).
“Through this new Coalition, we’re giving businesses the clarity they need to invest in high-integrity credits that drive real impact for climate and nature,” said Kerry McCarthy, UK Minister for Climate. “The UK is championing the responsible use of carbon credits by taking action to spearhead global efforts to raise integrity.”
The Coalition will develop its first set of shared principles by COP30 in November 2025, aiming to provide jurisdiction-wide alignment on carbon credit usage. These principles will support businesses in integrating carbon markets into broader net-zero strategies, while prioritizing real emissions reductions.
RELATED ARTICLE: France Launches Corporate Charter for Paris-Aligned, High-Integrity Carbon Credit Use
“This new Coalition is a welcome response to the clear call from the global business community to bring clarity, build confidence and integrity for carbon credit buyers,” said Philippe Varin, Chair of the International Chamber of Commerce. “Today’s announcement is more than a policy signal—it’s a commitment to action.”
The Integrity Council for the Voluntary Carbon Market (ICVCM), an independent body setting quality benchmarks for carbon credits, is collaborating with the Coalition to help close the gap between credit suppliers and buyers.
“This commitment is consistent with France’s long-standing leadership on climate action,” said Agnès Pannier-Runacher, France’s Minister of Ecological Transition. “We can send a clear message to the market and bring the needed clarity and confidence for investors.”
By scaling demand for high-integrity carbon credits, the Coalition aims to:
Unlock finance for sustainable agriculture, clean energy, and nature restoration
Support climate-positive growth in the Global South
Help bridge the estimated $1.3 trillion annual climate finance gap
“Political leadership is critical to building confidence and ambition,” said Ana Toni, CEO of COP30. “We welcome this signal of cooperation.”
As global attention turns toward COP30, the Coalition’s upcoming guidance could reshape how companies invest in carbon offsets—emphasizing quality, transparency, and measurable climate impact.
Read the full press release here.
Have a look at VCMI here.
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