Antalya Statement at COP31: 14 countries sign policy playbook aiming to grow carbon credit markets to $21 billion by 2035
Ministers and climate envoys from 14 countries signed the Antalya Statement at the 31st UN Climate Change Conference (COP31) in Antalya, Türkiye, on November 12, backing policy implementation to grow international carbon credit markets. The signatories are Canada, France, Indonesia, Ireland, Italy, Kenya, Luxembourg, New Zealand, the Philippines, Singapore, Switzerland, Türkiye, the United Kingdom and Zambia.
Issued by the Coalition to Grow Carbon Markets, the statement launched a Policy Playbook setting out eight policy levers governments can use to grow corporate demand for high-integrity carbon credits. Analysis cited by the Coalition says supportive government policy could help quadruple the market's value to US$21 billion by 2035. The signatories said carbon credit markets play an important role in directing capital to climate action, adding that what matters now is implementation.
Türkiye's Minister of Environment, Urbanisation and Climate Change, Murat Kurum, said the statement clearly recognises the role of carbon credit markets in supporting the climate finance architecture. UK Minister for Climate Transition Katie White said Britain will publish its response to the Voluntary Carbon and Nature Markets consultation, issue market guidance in spring 2027, and add a new $1 million CORSIA access programme.
At the launch, Egypt's Minister of Investment and Foreign Trade, Dr Mohamed Farid Saleh, announced Egypt will join the Coalition, and Ireland's Minister for Climate, Energy and the Environment, Darragh O'Brien, announced Ireland will also join, becoming the 15th and 16th members. The Coalition has tripled its membership since launching in June 2025. Ministers are due to convene at a Coalition-hosted roundtable, supported by the Türkiye COP31 Presidency, on Monday, November 16.
Source: Coalition to Grow Carbon Markets
Published by GSM · USA (original Chinese edition)
Photo: 图中是土耳其安塔利亚的城市天际线，COP31在该市举行。Sharon Hahn Darlin, CC BY 2.0, via Wikimedia Commons
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