FLORENCE, Italy, May 8 (Xinhua) -- China is ready to work with all parties to develop the Open Coalition on Compliance Carbon Market (OCCCM) into an open, inclusive, pragmatic and efficient platform for international cooperation on carbon markets, and contribute to global climate governance, a senior Chinese official has said.

The remarks were made by Li Gao, vice minister of China's Ministry of Ecology and Environment, when he attended the first high-level meeting of the OCCCM held here on Thursday.

China is accelerating the construction of a more effective, dynamic, and internationally influential carbon market, and is willing to share its practices in green and low-carbon development and carbon market construction with the international community, Li said.

Meanwhile, Li invited all parties to participate in the China Carbon Market Conference and subsequent activities to be held in Wuhan, Hubei Province, this September.

In addition to China, representatives from Brazil, the European Union (EU), Germany, New Zealand, Canada, Britain, Türkiye, France, and other countries and regions attended the meeting, exchanged views and discussed topics such as the OCCCM priority areas of cooperation and key tasks for the next stage.

Participants of the meeting highlighted that emissions trading systems are an important market-based instrument for advancing the green and low-carbon transition and addressing climate change. The coalition will follow principles of openness, inclusiveness and voluntariness, while strengthening policy dialogue, experience sharing and capacity building among members.

Cooperation will focus on areas such as monitoring, reporting and verification (MRV) systems, carbon accounting methodologies and high-integrity offset, aiming to improve the effectiveness of carbon market operations.

During the meeting, China, Brazil and the EU, as the coalition's founding members, signed the Terms of Reference for the OCCCM, setting out its objectives, scope of work, governance structure and decision-making framework.

Cristina Reis, deputy secretary for sustainable economic development at Brazil's Ministry of Finance, said that the establishment of the OCCCM is an innovative initiative reflecting the shared willingness of both developing and developed countries to strengthen cooperation on carbon markets.

She added that Brazil is ready to deepen exchanges and cooperation with China and other partners to enable carbon pricing mechanisms to play a greater role in emissions reduction and green transition.

Kurt Vandenberghe, director-general for climate action at the European Commission, said the joint launch of the coalition by China, Brazil, and the EU sends a clear signal of continued progress in global climate action and international cooperation.

The EU looks forward to further strengthening cooperation with China in areas such as carbon market development, particularly in areas such as MRV systems, he added.

• ·闽超首个帽子戏法球员韦承志：白天带孩子踢球，傍晚在街头送餐，深夜去球队合练……
• ·四川试点“人工智能+仲裁”，劳动者维权更省心丨央媒看四川
• ·泰国前总理他信假释出狱
• ·量化基金发行升温；公募近一年发布超3500次溢价风险提示公告
• ·为节能省外汇　印度总理呼吁民众“少吃油”“少出国”
• ·“短时间内释放出腐肉般的恶臭”，广州一神奇植物时隔4年再次开花，华南植物园：花期只有5天
• ·机关单位干部受高薪诱惑为境外间谍撰写文章，提供22篇涉及多项国家秘密和情报稿件，收取人民币两万余元，因间谍罪被追责，详情披露
• ·美伊谈判受挫，国际油价显著上涨
• ·阿根廷举行“中国在卢汉”文化活动
• ·天舟十号货运飞船点火发射
• ·祝贺！天舟十号货运飞船发射任务取得圆满成功
• ·天舟十号货运飞船点火发射
• ·土耳其瓦基弗银行与阿波罗完成13亿美元DPR证券化交易
• ·美伊谈判受挫，国际油价显著上涨
• ·天舟十号成功发射，上海航天承制多项核心系统，交付周期缩短40%
• ·黄河旋风金刚石复合材料技术获重大突破