Zambia Joins Global Push for High-Integrity Carbon Markets at COP30
Zambia has reaffirmed its commitment to advancing high-integrity carbon markets on the global stage, announcing its formal endorsement and membership of the Coalition on Growing Carbon Markets (CGCM) during a high-level session at the Singapore Pavilion at COP30.
Representing the Republic of Zambia, Minister of Green Economy and Environment, Hon. Mike Elton Mposha, MP, described carbon markets as a vital mechanism for unlocking climate finance and accelerating progress towards the nation’s Nationally Determined Contribution (NDC) targets.
“Zambia is proud to endorse the Shared Principles for High-Integrity Carbon Credit Use and to join this progressive Coalition,” Minister Mposha said. “We strongly believe that a well-functioning market makes a significant contribution to raising climate ambition and serves as an important source of innovative financing that spurs economic growth.”
The Minister highlighted the country’s recent adoption of its National Carbon Market Framework, which has now been translated into comprehensive legislation and regulations.
This strengthened policy environment offers clarity, predictability, and transparency, positioning Zambia to attract private investment into high-impact mitigation projects with benefits for both communities and the environment.
Emphasising the importance of trust and transparency, Minister Mposha noted that Zambia is implementing both Article 6 Cooperative Approaches and frameworks for the Voluntary Carbon Market.
These efforts, he said, align closely with the Coalition’s principles and further reinforce Zambia’s standing as a credible and trusted partner.
“Our bilateral agreements with like-minded countries have enhanced our credibility in the market,” he added. “The synergies between our philosophy of the carbon market and the principles of this Coalition are clear.”
He also encouraged other nations to join the CGCM, expressing confidence in its collective ambition under the leadership of Co-Chairs Singapore, Kenya, and the United Kingdom.
“You can count on Zambia as a reliable and committed member,” Minister Mposha concluded.
The Coalition on Growing Carbon Markets (CGCM) currently includes Kenya, Singapore, the United Kingdom, France, Panama, Canada, Luxembourg, New Zealand, Peru, Switzerland, and now Zambia.
