The United Kingdom’s Government joins the Global Green Growth Institute’s (GGGI) Carbon Transaction Facility (CTF) as a contributor under the Article 6 Readiness Facility. The United Kingdom will become the fourth contributor to the CTF, joining New Zealand (Ministry of Foreign Affairs and Trade), Norway (Ministry of Climate and Environment), and Sweden (Swedish Energy Agency), who are all committed to supporting transparent, accountable, and high-integrity carbon markets under Article 6 of the Paris Agreement. This partnership underscores the UK’s commitment to accelerating global climate ambition and supporting developing countries and emerging economies in accessing high-integrity carbon markets.
Under the CTF’s Article 6 Readiness Facility, GGGI is supporting our Member States from policies and capacity-building to establishing pipelines of mitigation activities that can deliver rigorous carbon transactions. This additional funding from the United Kingdom’s government will enable GGGI to expand the current number of Member States benefiting from the CTF, increasing the collaborative efforts between buyers and sellers to shape high-quality, country-driven mitigation outcomes that ensure climate ambition and integrity.
“The UK is driving forward its ambition to become the green finance capital of the world, and this initiative will help unlock the potential of carbon markets. Ensuring developing countries have access to carbon trading and strengthening carbon markets is critical to unlocking the private investment needed to drive economic growth, create jobs and tackle the climate crisis.,” said Katie White, Minister for Climate in the Department for Energy Security and Net Zero
“We warmly welcome the United Kingdom to the Carbon Transaction Facility. The United Kingdom’s engagement strengthens GGGI’s commitment to advancing high-integrity carbon markets under Article 6, in a way that centers the priorities, ownership, and leadership of host governments. The CTF is fundamentally country-driven: our support is embedded within national institutions, tailored to local contexts, and designed to empower countries as equal and capable leaders in global carbon markets. Together, we will work hand in hand with our Member States to ensure their participation is equitable, sovereign, and transformative—translating climate ambition into real, measurable results that drive meaningful change,” added Sang-Hyup Kim, Executive Director of GGGI.
Launched in October 2024, the CTF is designed to catalyze carbon trading under Article 6 by providing readiness support and establishing dedicated funds for purchasing Internationally Transferred Mitigation Outcomes (ITMOs). With the UK’s participation, contributions to readiness now totaling over USD 23 million, the CTF continues to strengthen its role as a leading initiative for transparent, high-integrity carbon transactions that advance climate ambition and inclusive green growth
