Dhaka, Nov. 10 -- A new global network will launch at the UN climate summit COP31 on November 12 in Antalya, Turkiye, aiming to tackle fragmentation in carbon markets and help channel more investment into climate projects, particularly in developing countries.

Convened by UN Trade and Development (UNCTAD), the Global Carbon Market Network will seek to strengthen links between carbon and capital markets, improve transparency and credibility, and facilitate cross-border transactions.

Carbon markets remain fragmented across different standards, registries and trading systems. Concerns over credit quality, transparency and double counting have weakened confidence and constrained market development, particularly in developing economies.

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