Carbon pricing mechanisms are still rare in developing countries. However, carbon price mechanisms are starting to be developed in a number of countries all over the world. Future revenues generated from these mechanisms could be directed towards further financing sustainable development and low-carbon growth. Besides domestic sources, there are several international mechanisms already in place that can be used by developing countries, such as the REDD+, JCM or auctioning revenues generated by the EU ETS. Other mechanisms are currently under development, such as the future Article 6 mechanism of the Paris Agreement or CORSIA, and could greatly increase the financial resources available for developing countries in the coming years. This panel will focus on which sources are already being used, and how they could be used more effectively. Moreover, the potential of these future carbon price mechanisms to finance sustainable development and transition in developing countries will be discussed.