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Igor Patrick

China will join a Brazil-led coalition to link carbon markets across major economies, one of the key environmental proposals set to be adopted at Cop30 in Belem on Friday.
The so-called Open Coalition for the Integration of Carbon Markets was created to align standards and make it easier for countries to trade carbon credits.
Developed by Brazil’s Ministry of Finance, it is part of the government’s Ecological Transformation Plan, a broad strategy to combine economic growth with social inclusion and environmental protection.
The move, first reported by Bloomberg, has been independently confirmed by the Post.
Officials said the coalition would remain open to any country that wanted to join and could eventually become the foundation for a global carbon market. Besides China and the European Union, Armenia, Canada, Chile, the United Kingdom and Zambia are also expected to take part in the initiative.


Finance Ministry officials described the project as a voluntary partnership among nations with regulated or emerging carbon pricing systems. The goal is to make systems compatible, increase liquidity and transparency and help members meet their Paris Agreement targets.
According to Bloomberg, Brazilian officials are positioning market integration as one of Cop30’s main potential legacies. Today, there are more than 40 carbon taxes and 35 emissions trading systems worldwide.
Under the proposal, countries would operate shared emissions limits that would tighten over time. Wealthier nations would face stricter caps, while developing members would have more flexibility and receive financial support through revenue recycling.
That mechanism would direct part of the carbon trading proceeds to adaptation projects and clean energy investment.
One of the minds behind the plan, Brazil’s deputy executive finance secretary Rafael Dubeux, has been trying to sell the idea for months.
In September, he told local newspaper Valor Economico that the proposal was effective and fair because it considered per capita income and was politically viable. It also did not require agreement among 200 countries to move forward.
“If it manages to bring together Brazil, the European Union and China, it may encourage others to join,” he said.
The coalition reflects Brazil’s effort to position itself as a bridge between developed and emerging economies. In recent years, the country has promoted policies linking environmental protection to job creation and social inclusion.
Brazil launched its own regulated carbon market in December under the Brazilian Emissions Trading System, known as SBCE, giving the country a legal framework to price emissions.
It progressively lowers limits on greenhouse gas output by sector, and allows companies that emit less than their quota to sell excess credits to others. Officials see the domestic scheme as a springboard for the broader integration effort.
If successful, the coalition would bring together economies responsible for nearly 40 per cent of global greenhouse gas emissions.
It could also set the stage for the world’s first coordinated carbon-credit market, potentially worth trillions of dollars in the coming decades.


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Cop30: China to join Brazil-led coalition seeking improved carbon trading rules

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New alliance, which also includes the EU and UK, was created to align standards globally and help countries trade carbon credits more easily


New alliance, which also includes the EU and UK, was created to align standards globally and help countries trade carbon credits more easily.


Cop30: China to join Brazil-led coalition seeking improved carbon trading rules

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}New alliance, which also includes the EU and UK, was created to align standards globally and help countries trade carbon credits more easily

New alliance, which also includes the EU and UK, was created to align standards globally and help countries trade carbon credits more easily