Guatemala, Philippines, Jamaica Map Carbon Market Entry as Germany Extends Aid
COP 31 Special Events • United NationsNovember 13, 2026
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Developing countries are moving from carbon pricing studies to working rulebooks, and the hard part is now staff, data and private sector buy-in. At a COP 31 side event on Nov. 13, 2026, marking 10 years of the UNFCCC's CIACA program, seven countries reported their progress. Germany also announced two more years of funding for the program.
- Guatemala, Philippines and Jamaica outline Article 6 roadmaps for international carbon trading
- Germany extends CIACA support for two more years, citing demand from low-income countries
- Panama's carbon market decree came after measuring emissions from 173 companies
- Cameroon proposes a gas flaring carbon tax; Dominican Republic pursues a pilot ETS
- Private sector buy-in and thin staffing remain the most common barriers
The basics: Article 6 of the Paris Agreement lets countries cooperate on emissions cuts through carbon markets. Article 6.2 covers country-to-country cooperative deals. Article 6.4 is a UN-supervised crediting mechanism.
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