This quarter reflects a transition from steady growth to accelerated impact, driven by advancements in digital infrastructure, expansion of our project portfolio, and strengthened partnerships across regions and sectors.
From surpassing key milestones in project registration and issuance to advancing innovative methodologies and Naturebased Solutions, GCC remains focused on enabling high-integrity, transparent, and scalable carbon market mechanisms aligned with global climate goals.
This quarter was also marked by an important international milestone with GCC receiving CCP-Eligibility approval from the Integrity Council for the Voluntary Carbon Market (ICVCM), further reinforcing confidence in GCC’s governance, integrity, and registry frameworks.
Project Registration Highlights
Q1 2026 at a Glance
Registered Projects
Between January and March 2026, 20 projects successfully completed registration, reflecting continued engagement from project developers and stakeholders, as well as the rigorous review processes applied under the GCC framework.
Total Submissions
GCC’s fully digital GCC 2.0 platform continues to enhance efficiency and transparency in project submissions and registration. During the first quarter of 2026, 12 new projects were submitted through the platform, bringing the total number of project submissions to 1,609. Every submission strengthens GCC’s pipeline of climate initiatives, ensuring that verified reductions translate into measurable, real-world climate outcomes aligned with Net Zero pathways.
Featured Projects
Echo 4 Wind Complex • Brazil
The project involves the operation of four onshore Wind Power Plants (WPPs) located in the state of Rio Grande do Norte, Brazil, with a total installed capacity of 85.40 MW.
Emission Reductions | Annual average of 148,450 TCO2e
Methodology: ACM0002 | Grid-connected electricity generation from renewable sources
Contribution to SDGs
Wind Power Project in Thatta, Sindh by NASDA Green Energy Limited • Pakistan
The project activity consists of the installation and operation of 25 wind turbines of 2 MW each, with a total capacity of 50 MW in Jhimpir, District Thatta, Sindh Pakistan.
Emission Reductions | Annual average of 96,970 TCO2e
Methodology: ACM0002 | Grid-connected electricity generation from renewable sources
Contribution to SDGs
Issuance Snapshot: Testament to Progress
Q1 2026 Issuance Highlights
- 905,269 ACCs issued during January–March 2026
- 49 projects currently under assessment for issuance
- 20,974,700 ACCs expected from projects under assessment
- Total cumulative issuance reaches 13,358,978 ACCs
Regulatory Progress Strengthening Standards
During the first quarter, GCC continued to advance its regulatory frameworks to strengthen market integrity, enhance global alignment, and support evolving carbon market requirements.
Key highlights include:
CORSIA Application Submitted
Supporting Regulatory Frameworks Updated
Response to ICVCM Submitted
ICVCM Standard Revision
ICVCM Program Approval
I-REC SDG Labelling Scheme Application
Insurance Criteria Development
Events Highlights
Jan 2026
GCC–VCM Partnership: Scaling Carbon Markets in Saudi Arabia
Jan 2026
GCC–AFoCO Partnership: Scaling Nature-Based Solutions Across Asia
Feb 2026
GCC–MFF Partnership: Advancing Forest Carbon Markets in Malaysia
Mar 2026
GCC–TERI Partnership: Digital Carbon Marketplace for Household Energy Projects
