Thimpu, Bhutan | June 12, 2025—The Government of Bhutan and the CVF-V20 Secretariat have officially signed a pioneering initiative to accelerate Bhutan’s access into both voluntary and compliance carbon markets, with the signing of a contract under the Access Strategies Program in CVF-V20 member countries of the CVF-V20 and Voluntary Carbon Market Integrity Initiative (VCMI) Carbon Finance Program. The initiative aims to provide Bhutan with strategic, technical, and policy support to strengthen its carbon market readiness.
The initiative is expected to serve as a catalytic model for other countries pursuing climate-aligned growth through market-based mechanisms. Key outputs will include a comprehensive assessment of Bhutan’s mitigation potential, the identification of credible carbon crediting methodologies, private sector engagement strategies, capacity-acceleration, and a detailed implementation plan with operational manuals for carbon market participation.
The program underscores the CVF-V20’s commitment to helping climate-vulnerable nations leverage carbon markets and private sector finance to achieve climate prosperity.
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The CVF-V20 represents 74 member-countries from small island developing states (SIDS), least developed countries (LDCs), low-to-middle income countries (LMICs), landlocked developing countries (LLDCs), and fragile and conflict-affected states (FCS). Working together, the CVF-V20 aims to achieve climate justice through the realization of Climate Prosperity Plans, which contain ambitious economic and financial resilience strategies designed to attract investment and resources that advance the attainment of the Sustainable Development Goals (SDGs), 30×30 Global Biodiversity, and help keep the average global temperatures to the Paris Agreement’s 1.5°C safety threshold.
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