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 13, 2025 | International Rice Research Institute (IRRI) | The International Technology Cooperation Center of Korea’s Rural Development Administration (ITCC-RDA) and the International Rice Researc
January 13, 2026 | European Environment Agency (EEA) | A briefing from the EEA warns that making Europe’s agriculture, energy, and transport sectors climate-resilient will require annual investments o
November 19, 2025 | World Resources Institute (WRI) | Brazil and the United Kingdom (UK) jointly announced a non-binding declaration at COP30 to improve fertilizer use efficiency in support of food se
July 16, 2025 | Executive Yuan (In Chinese) | On July 16, Taiwan’s Ministry of Environment held the 4th “Net-Zero Green Living Alliance” forum, focusing on “Green Diet for a Sustainable Future.” Gove
July 02, 2025 | Reccessary | 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
