Global carbon pricing revenues top a record $100 billion
May 21, 2024 | The World Bank |
The World Bank’s latest "State and Trends of Carbon Pricing 2024" report reveals that global carbon pricing revenues soared to a record $104 billion in 2023. With 75 carbon pricing instruments operational worldwide, over half of this revenue was allocated to funding climate and nature programs. Despite covering 24% of global emissions, up from 7% two decades ago, carbon pricing remains insufficient to meet Paris Agreement goals. The report highlights progress in middle-income countries like Brazil, India, and Turkey, expanding carbon pricing into sectors like aviation and shipping. However, it emphasizes the urgent need for broader and higher carbon pricing to effectively curb emissions and bridge the gap between climate commitments and policy implementation globally.
Viewed Articles
May 21, 2024 | The World Bank | The World Bank’s latest "State and Trends of Carbon Pricing 2024" report reveals that global carbon pricing revenues soared to a record $104 billion in 2023. With 75 ca
Read More
July 31, 2025 | New Security Beat (Wilson Center’s Environmental Change and Security Program blog) |  Japan and China are advancing the conversion of food waste into animal feed to cut methane emissio
June 18, 2025 | Food and Agriculture Organization (FAO) | Â FAO and UNDP have initiated a joint mission in Angola to advance climate-resilient rural development through integrated agriculture and clean
December 12, 2025 | Agriculture and Food Agency, Ministry of Agriculture, Taiwan (In Chinese) | Taiwan’s Agriculture and Food Agency (AFA) announced new efforts to promote domestic fresh fruit consump
December 1, 2025 | Food and Agriculture Organization (FAO) |Â Speaking at the opening of the 179th Session of the FAO Council, FAO Director-General outlined 4 pathways to accelerate agrifood system tra
November 19, 2025 | World Resources Institute (WRI) |Â Brazil and the United Kingdom (UK) jointly announced a non-binding declaration at COP30 to improve fertilizer use efficiency in support of food se
