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

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 Belém 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…

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