IETA AND CHINA BEIJING GREEN EXCHANGE SIGN MOU AT COP31 TO ADVANCE COOPERATION AND INTERNATIONALISATION

Antalya, Türkiye, 11 November 2026 – The International Emissions Trading Association (IETA) and the China Beijing Green Exchange (CBGEX) today signed a Memorandum of Understanding (MoU) at COP31, forming a strategic alliance to advance the development and internationalisation of China’s Certified Emission Reduction (CCER) scheme.

Under the MoU, IETA and CBGEX will foster dialogue between policymakers, regulators, and domestic and international market participants. The two organisations will also work together on technical cooperation, knowledge exchange and the promotion of high-integrity carbon market practices.

The agreement follows China’s launch of the Initiative for Enhancing International Cooperation on High-Quality Carbon Crediting Markets with the COP31 Presidency, Türkiye, and the incoming COP32 Presidency, Ethiopia. 

CBGEX is the institution authorised by China’s Ministry of Ecology and Environment to operate and manage the national CCER trading system. Closer engagement between the CCER market and international participants can help channel investment towards credible emission reductions and strengthen the integrity of carbon crediting worldwide.

About IETA
The International Emissions Trading Association (IETA) is a not-for-profit association of business organisations whose mission is to empower business to engage in climate action, advancing the objectives of the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement as informed by IPCC science through effective market-based trading systems for greenhouse gas (GHG) emissions and removals that are environmentally robust, fair, open, efficient, accountable and consistent across national boundaries.

About CBGEX
The China Beijing Green Exchange (CBGEX) was established in 2008 with the approval of the People’s Government of Beijing Municipality. It is the institution authorised by the Ministry of Ecology and Environment to operate and manage the national voluntary greenhouse gas emission reduction trading system, the National Green Technology Exchange approved by the National Development and Reform Commission (NDRC), the designated trading institution for the Beijing carbon emission trading market, and the green public service platform for Beijing’s low-carbon city development. CBGEX provides green trading, public, dual-carbon, financial and training services, and has become one of China’s most influential comprehensive environmental rights trading platforms.