Belem: The Global Carbon Council (GCC) and Associacao Brasileira de Energia Eolica e Novas Tecnologias (ABEEolica) have signed a strategic MoU during COP30 in Belem, Brazil.

According to Qatar News Agency, the GCC, recognized as the Global South's first internationally accredited carbon market program under ICAO's CORSIA scheme, said in a statement that 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 Juliano Martins, Executive Advisor at ABEEolica on behalf of Elbia Gannoum, CEO of ABEEolica, 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.

Commenting on the signing, Dr. Alhorr said: "Signing this agreement at COP30 in Belem 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."

Meanwhile, Gannoum commented: "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."