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 |Ā The World Bankās 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
March 2, 2026 | IFPRI |Ā Global climate finance for agrifood systems currently meets only 8% of the annual transformation needs. IFPRIās post reports that adopting harmonized standards, such as those f
December 1, 2025 | Food and Agriculture Organization (FAO) |Ā Speaking at the opening of the 179th Session of the FAO Council, FAO Director-General outlined 4 pathways to accelerate agrifood system tra
January 13, 2026 | European Environment Agency (EEA) |Ā A briefing from the EEA warns that making Europeās agriculture, energy, and transport sectors climate-resilient will require annual investments o
May 18, 2026 | Food Ingredients First |Ā Ahead of the Sustainable Foods Summit in Amsterdam, Netherlands (June 18ā19), a Ecovia Intelligence representativeĀ told Food Ingredients First that regenerativ
February 10, 2026 | Central News Agency (Chinese) |Ā Taiwan's Carbon Solution Exchange (TCX) and the Taiwan Stock Exchange (TWSE) partnered with National Taiwan University (NTU) to host a seminar o
