The Open Coalition on Compliance Carbon Markets (OCCCM) is a voluntary, country-led international platform to strengthen and improve cooperation among mandatory/compliance carbon markets—mainly emissions trading systems (ETS) and carbon taxes.
- It was formally launched on 7 May 2026 in Florence, after a declaration at COP30 in Belém in November 2025.
- Establishing the Secretariat, governance and operational arrangements.
- Exchanging experience on carbon-market design, including emissions coverage, allowance allocation, auctions, price-containment measures, penalties and oversight.
- Strengthening monitoring, reporting and verification (MRV) systems and carbon-accounting methodologies.
- Developing principles for the use of high-integrity offsets in compliance systems.
- Building partnerships and engagement with observers, international initiatives and prospective members.
Membership and Participation
- Founding and current members include Brazil (Chair), China and the EU (Co-Chairs), Canada, France, Germany, New Zealand, Norway, Singapore, Türkiye and the United Kingdom.
- Organisations such as the World Bank’s Partnership for Market Implementation, UNEP, UNDP, ICVCM and IETA are also listed as observers or partners.
Source: The Hindu