Carbon market advisory firm Valor Carbon, in partnership with Valitera, has signed two memoranda of understanding (MoU) with the Climate Finance Center under the Cabinet of Ministers of the Kyrgyz Republic, underscoring efforts to expand carbon market cooperation under Article 6 of the Paris Agreement.
The agreements were concluded at the UK and Central Asian Foreign Ministers’ Meeting 2026 in London, Valor Carbon said in a statement last week.
The first memorandum establishes a framework for collaboration on a joint initiative by Valor Carbon and Valitera to advance Article 6-aligned activities in the region, working directly with the Climate Finance Center under the Cabinet of Ministers of the Kyrgyz Republic to develop high-integrity carbon projects.
A second memorandum formalizes a broader partnership between Valor Carbon and the Climate Finance Center under the Cabinet of Ministers of the Kyrgyz Republic focused on building out the country’s carbon market infrastructure. The arrangement includes plans to create a carbon advisory board and to accelerate project development.
Together, the agreements reflect the Kyrgyz Republic’s ambition to strengthen its carbon market frameworks and signal closer climate ties between the UK and Central Asia.
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Valor Carbon is already active in the Central Asian country through a 25,000-hectare afforestation project in the Issyk-Kul region. The project has been selected as a national initiative with support from both the UK and Kyrgyz governments.
Rocco Huesch, co-founder and chief executive of Valor Carbon, said Article 6 could mobilize significant funding for climate action but faces “structural barriers – particularly around securing Letters of Authorisation and managing wider regulatory risk.” He added that the initiative is designed to address those challenges by partnering with governments from the outset.
Rene Velasquez, managing partner at Valitera, said the market requires approaches tailored specifically to Article 6, combining on-the-ground project development with market infrastructure to support governments and expand high-integrity supply.
A previous version of this article incorrectly stated that the agreements were signed with the Government of the Kyrgyz Republic.
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