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
February 18, 2026 | Open Access Government |Ā A study by the Norwegian University of Science and Technology (NTNU), published in Nature Communications, proposes that Europe can reduce agricultural GHG
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 ā a chokepoint for r
The Green Climate Fund (GCF) has approved USD 52.5 million for a seven-year FAO-supported initiative to restore Fijiās forest and agricultural landscapes. Using a āridge-to-reefā approach, the project
June 12, 2026 | Economic Daily News (ē¶ęæę„å ±) | (In Chinese)Taiwan's Tea Research and Extension Station, under the Ministry of Agriculture, guided a tea farmer and Taiwan Agriculture and Forestry'
April 15, 2026 | Reuters |Ā The Greenhouse Gas Protocol has published a new Land Sector and Removals Standard (LSRS), establishing consistent rules for food and agriculture companies to measure and rep
