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
March 30, 2026 | Commercial Times |Â (In Chinese)Â Taiwan's Ministry of Agriculture (MOA) has revised its bamboo forest production and renewal incentive framework, expanding the eligible area from 3
March 31, 2026 | AgNavigator |Â Japanese technology firms NEC and Fager have announced a partnership to promote sustainable agriculture in Thailand by combining precision farming solutions with agricul
February 18, 2026 | Open Access Government |Â A study by the Norwegian University of Science and Technology (NTNU), published in Nature Communications, proposes that Europe can reduce agricultural GHG
March 19, 2026 | BBC News | The Northern Ireland Executive has approved the third Climate Change Adaptation Programme (NICCAP3), a strategic framework comprising 280 actions from 2024–2029. Agricultur
November 19, 2025 | World Resources Institute (WRI) |Â Brazil and the United Kingdom (UK) jointly announced a non-binding declaration at COP30 to improve fertilizer use efficiency in support of food se
