China, Türkiye, Ethiopia launch carbon crediting initiative at COP31

China, Türkiye and Ethiopia jointly launched the Initiative for Enhancing International Cooperation on High-Quality Carbon Crediting Markets on November 11. The initiative was issued during the 31st United Nations Climate Change Conference (COP31) in Antalya of Türkiye.

The core purposes are to improve governance systems for high-integrity carbon credits, enhance supply and circulation quality, and foster South-South collaboration among emerging and developing economies. COP31, which opened on Monday and runs through Nov. 20, has brought together representatives from nearly 200 countries and regions around the world.