At COP30, Global Carbon Council Signs Strategic Agreement with ABEEólica to Accelerate Brazil’s High-Integrity Carbon Market Framework

The Global Carbon Council (GCC), recognized as the Global South’s first internationally accredited carbon market program under ICAO’s CORSIA scheme, and Associação Brasileira de Energia Eólica e Novas Tecnologias (ABEEólica) have signed a strategic Memorandum of Understanding (MoU) during COP30 in Belém, Brazil. The agreement marks a significant step toward strengthening Brazil’s emerging carbon market and accelerating its readiness under Article 6.2 of the Paris Agreement.

The MoU was formally signed by Dr. Yousef Alhorr, Founding Chairman of the Global Carbon Council, and Mr. Juliano Martins, Executive Advisor at ABEEólica on behalf of Ms. Elbia Gannoum, CEO of ABEEólica, in the presence of international climate leaders and key sector stakeholders. Signed on the sidelines of COP30, the agreement underscores the importance of high-integrity carbon markets in driving ambitious climate action and highlights Brazil’s global leadership in renewable energy and carbon governance.

Advancing Brazil’s Carbon Market Architecture

Through this partnership, GCC and ABEEólica will collaborate to build a transparent, credible, and Paris Agreement-aligned carbon market ecosystem in Brazil. Key areas of cooperation include:

• Capacity building and knowledge exchange on carbon markets, GCC program, Article 6.2 of Paris Agreement, MRV systems, registry infrastructure and other related aspects.
• Supporting recognition of GCC as an approved program for domestic carbon credits (CVREs) under the SBCE, as well as for ITMOs under Article 6.2 framework.
• Carrying out policy advocacy for GCC’s Carbon Market Infrastructure (CMI)- Article 6.2 national registry.
• Facilitating engagement with ministries, regulators, and private sector players on above aspects, both during and beyond COP30.

Statements from Leadership

Dr. Yousef Alhorr, Founding Chairman of the Global Carbon Council, said:
“Signing this agreement at COP30 in Belém is a meaningful step toward advancing high-integrity climate action. Brazil is shaping a robust carbon market architecture, and GCC is committed to supporting its Article 6.2 journey through trusted standards and global best practices.”

Ms. Elbia Gannoum, CEO of ABEEólica, added:
“COP30 is a pivotal moment for Brazil’s climate pathway. This agreement with GCC strengthens our shared efforts to build a credible, transparent, and internationally aligned carbon market that accelerates renewable energy growth and national climate goals.”

The partnership between GCC and ABEEólica marks a new chapter for Brazil’s climate leadership, blending high-integrity carbon market expertise with the country’s renewable energy ambitions. Together, the organizations aim to empower Brazilian stakeholders, from policymakers to project developers, to confidently engage in international carbon markets while contributing to meaningful climate action.

By aligning local initiatives with global standards, GCC and ABEEólica envision a future where Brazil’s carbon market not only drives domestic decarbonization but also inspires other emerging economies to pursue transparent, high-quality climate solutions.

Speaking on the occasion, Dr. Yousef Alhorr said:
“This MoU represents a significant step forward in advancing high-integrity carbon markets in the Global South. By partnering with Misiones, GCC aims to bring technical expertise, global best practices, and innovative methodologies to support sustainable development and climate action at the provincial level. Together, we will strengthen carbon market infrastructure, empower local stakeholders, and demonstrate how transparent and scalable carbon solutions can deliver measurable environmental and socio-economic benefits.”

Gervasio Malagrida added:
“This partnership with GCC provides Misiones with a unique opportunity to align our carbon policy and market initiatives with international standards. The technical guidance, capacity-building programs, and digital tools provided by GCC will enable us to implement high-quality carbon projects, strengthen institutional capabilities, and attract climate finance. We are confident that this collaboration will accelerate our climate action agenda, support sustainable energy and land-use solutions, and position Misiones as a leader in carbon market innovation within Argentina and the region.”

This collaboration reinforces both parties’ dedication to building robust carbon market infrastructure, supporting sustainable development, and fostering regional and international cooperation under the Paris Agreement. By leveraging GCC’s expertise and methodologies, Misiones aims to enhance climate action, strengthen capacity for carbon market participation, and align local initiatives with global carbon market standards.