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 15, 2025 | Euractiv |  Denmark, holding the EU Council presidency from July–December 2025, has set an agriculture vision centered on simplification, sustainability, innovation, and competitivenes
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
October 22, 2025 | World Bank | The World Bank has launched a major initiative to support Ukraine’s smallholder farmers through conflict recovery and climate pressures, centered on the Partial Credit
July 02, 2025 | Reccessary | Â The European Commission plans to propose a 90% greenhouse gas reduction target by 2040, allowing from 2036 limited use (3%) of international carbon credits to address res
November 26, 2025 | Carbon Brief | COP30 in Belém delivered mixed outcomes for food systems, forests, land, and nature. While negotiators advanced several initiatives under the Brazilian presidency’s