Climate vulnerable nations showcase carbon market initiatives at IMF-World Bank meetings

Climate-vulnerable nations from Africa, Asia, the Caribbean, and Latin America convened at the IMF-World Bank Spring Meetings to highlight their carbon market initiatives. Bhutan launched a Carbon Market Information Platform, Ghana detailed projects expected to generate 17 million carbon credits, and the Philippines adopted a Roadmap to Readiness for its voluntary forest carbon market. Barbados's Sherpa, Ambassador H.E. The Most Honourable Elizabeth Thompson, stated carbon finance could 'unlock an additional US$20 billion by 2030' for these countries. Pakistan also announced its first carbon market deal, and the Philippines will host a regional Carbon Market Forum in September 2026.