What do we do
Accelerating global decarbonization by strengthening national carbon markets and promoting interoperability among markets and methodologies.
The Open Coalition delivers focused technical cooperation, fosters shared principles and bridges technical and political dialogues across three thematic working groups:
Technical Workstreams
Market design and policy exchange
Exchange experience on core design elements of carbon pricing instruments, advocate best practice, strengthen policy effectiveness and identify opportunities for greater coherence.
MRV and carbon accounting
Build shared understanding of monitoring, reporting and verification systems and carbon accounting approaches, advance common principles and explore interoperability readiness.
High-integrity offsets
Connect best practice and advance the use of high quality carbon credits in compliance systems, accelerate alignment with Article 6 frameworks, enhance high integrity across carbon credit accounting and governmental domestic mechanisms.
Our strategic objective
Strengthen compliance carbon markets through voluntary international cooperation, shared knowledge and practical collaboration. with a phased approach towards progresion by 2030.
Establish, map and
align
- Governance and work modalities
- A common understanding of Members' systems
- Foundational mapping of existing approaches, reference frameworks and technical contributions
- Identify opportunities for deeper collaboration for next phases
Reference frameworks and cooperation opportunities identified
Develop tools and
guidance
- Exploring options to promote effectiveness and interoperability
- Build tools, establish flagship cooperation and structured dialogue
Actionable guidance and cooperation
Strengthen cooperation,
high ambition platform
- Promote long-term convergence of approaches
- Helping members overcome practical barriers to compliance carbon markets
- Strengthening effectiveness of compliance carbon markets as low carbon transition and growth tool.
An open, high-ambition platform
Why we do it
Carbon pricing and compliance carbon markets play a key role in achieving global climate goals targets by supporting cost-effective emissions reductions, driving innovation and investment in low-carbon development, and helping countries deliver their commitments under the Paris Agreement. Their impact depends on high-integrity design and implementation, including robust monitoring, reporting, verification and carbon accounting. to deliver emissions reductions. Cooperation can make them work better across scales and borders. Through international cooperation, peer learning and technical exchange, the Open Coalition enables members to share experience, build a common understanding of good practices and guiding principles. This aims to enhance policy effectiveness, and promote greater coherence and the exploration of long-term interoperability across diverse national circumstances.
