The Coalition to Grow
Carbon Markets

“To help unlock private sector finance at the scale and pace needed to support global climate ambitions, we must energise the carbon markets. This Coalition will help foster investor and stakeholder confidence, and strengthen the integrity and interoperability of these markets while delivering real emissions reductions. Singapore will play a meaningful role in catalysing the development of the voluntary carbon market as a financial and services hub, and through our investments in impactful decarbonisation projects globally.”

“The UK is championing the responsible use of carbon credits by taking action to spearhead global efforts to raise integrity, supporting UK businesses to grow these markets and delivering growth through the Plan for Change. 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, unlocking carbon markets as a trusted tool in accelerating towards net zero.”

“Kenya’s leadership in this Coalition reflects our commitment to transforming how climate finance reaches developing nations. By boosting demand for high-integrity credits, the market could expand to as much as $250 billion by 2050 in direct and leveraged finance, supporting global climate action, particularly through transformative projects in developing countries.”

“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, and to scale incentives that reward real climate action.

High-integrity carbon markets are a vital—but still underused—tool in our climate arsenal. When done right, they empower businesses to cut emissions faster, invest at scale, and accelerate the global transition to net zero.

Today’s announcement is more than a policy signal—it’s a commitment to action. We commend this leadership and stand ready to support this Coalition in unlocking the full potential of carbon markets for people, planet, and prosperity.”

“I am glad to announce that France is officially joining the Coalition launched by the governments of Kenya, Singapore and the UK to support the development of robust, credible and effective carbon markets.

This commitment is consistent with France’s long-standing leadership on climate action and advocacy for high-integrity carbon markets, which present an untapped potential to increase corporate action and mobilize climate finance where it is most cost effective.

As a Coalition, we can send a clear message to the market and bring the needed clarity and confidence for investors. We are looking forward to working in partnership with other governments to unlock the full potential of carbon markets.

I am convinced that thanks to our joint efforts, we can truly accelerate the mobilization of climate finance and advance one step closer to meeting our goals.”

“I welcome this effort to provide greater clarity from governments on corporate use of carbon credits to increase climate action. Social and environmental integrity standards of carbon markets are vital to ensure the public trust in this important instrument. Therefore, political leadership is critical to building confidence and ambition, and we welcome this signal of cooperation.”

“The Ministry of Environment of Peru supports the Coalition’s effort to foster a carbon market environment where integrity and high standards are valued and recognized. We need to facilitate greater financial flows towards mitigation activities and sustainable development, and we see this as a promising foundation for strengthening global partnerships.”