Paraguay accelerates the implementation of its carbon market to attract climate investment - .::Agencia IP::.

Asunción, Agencia IP.- The Ministry of Environment and Sustainable Development (MADES) and the Global Green Growth Institute (GGGI) have launched a project to accelerate the implementation of the carbon market to attract climate investment. This project, titled «Operationalization of the National Carbon Market Framework of Paraguay,» is financed by the Carbon Transaction Facility. This initiative […]

Asunción, Agencia IP.- The Ministry of Environment and Sustainable Development (MADES) and the Global Green Growth Institute (GGGI) have launched a project to accelerate the implementation of the carbon market to attract climate investment.

This project, titled «Operationalization of the National Carbon Market Framework of Paraguay,» is financed by the Carbon Transaction Facility. This initiative will assist the government in implementing a robust and transparent national carbon market aligned with Article 6 of the Paris Agreement, benefiting Paraguay’s economy while supporting sustainable development.

In 2023, the country enacted Law 7190, which establishes the framework for the trading of carbon credits. In February 2025, its regulations were approved for implementation, creating the Carbon Markets Directorate and launching the Carbon Credits Registry. However, to ensure effective implementation, this project will build and strengthen institutional capacities and governance and develop monitoring mechanisms.

The operation of Paraguay’s carbon market will encourage economic diversification by providing financial incentives for activities that reduce carbon emissions.