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
May 21, 2026 | Yahoo News / UPI |Â Vietnam has committed to reaching net-zero emissions by 2050, anchored in its National Climate Change Strategy, which targets a 43.5% emissions reduction by 2030 and
The Green Climate Fund (GCF) has approved USD 52.5 million for a seven-year FAO-supported initiative to restore Fiji’s forest and agricultural landscapes. Using a “ridge-to-reef” approach, the project
June 8, 2026 | Food and Agriculture Organization (FAO) |Opening the FAO Council's 181st Session, FAO Director-General warned that the prolonged closure of the Strait of Hormuz — a chokepoint for r
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
February 10, 2026 | Central News Agency (Chinese) |Â Taiwan's Carbon Solution Exchange (TCX) and the Taiwan Stock Exchange (TWSE) partnered with National Taiwan University (NTU) to host a seminar o
