The first edition of the V20 Carbon Markets Investment Book was launched at COP31. It showcases 46 carbon-finance projects from Bhutan, Madagascar, Pakistan, Sri Lanka, and The Gambia. The 25 projects quantified so far could reduce or remove an estimated 6.7 million tonnes of CO₂ equivalent each year.

For each project, the Book sets out what the project does and how much it can reduce or remove emissions. It also identifies the crediting route and methodology that fit the project, and the next decision needed to move it forward. Each profile reflects the project’s current stage of preparation, so partners can see where their support will make the greatest difference.

The projects are led by both governments and the private sector. Whoever leads a project, decisions on authorisation, corresponding adjustments and the transfer of mitigation outcomes rest with national authorities. The CVF-V20 Secretariat stands ready to connect these projects with the buyers, investors, and technical partners who can take them to transaction.