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
June 6, 2025 | World Economic Forum (WEF) | Facing rising temperatures and shrinking farmland, Colombia’s coffee industry demonstrates how agriculture can adapt through innovation and policy support.
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
May 28, 2025 | IISD SDG Knowledge Hub | The Maldives faces severe food security challenges driven by rising temperatures, extreme weather, and global disruptions. With over 90% of its food imported,
June 25, 2025 | GOV.UK | The UK hosted the “Nature Action: Mobilising Frameworks and Finance” summit at Lancaster House, bringing together governments, Indigenous leaders, and global business and fin
May 21, 2025 | United Nations Development Programme (UNDP) | ASEAN, Japan, and UNDP launched the ASEAN Blue Carbon and Finance Profiling (ABCF) Project in Jakarta, aimed at strengthening the sustaina
