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
September 9, 2025 | Ministry of Environment News (In Chinese) | Taiwan’s Ministry of Environment convened experts and stakeholders to review the draft Nationally Determined Contribution (NDC 3.0), whi
October 22, 2025 | World Bank | The World Bank has launched a major initiative to support Ukraine’s smallholder farmers through conflict recovery and climate pressures, centered on the Partial Credit
August 7, 2025 | Central News Agency (CNA) (In Chinese) |   Taiwan’s Taoyuan District Agricultural Research and Extension Station (TYDARES), Ministry of Agriculture (MOA) has introduced 3 circular agr
December 17, 2025 | European Commission | The European Commission proposed targeted updates to the EU organic framework under Regulation (EU) 2018/848 to strengthen the sector’s contribution to enviro
November 7, 2025 | CSR@天下 (In Chinese) | Taiwan approved its updated NDC 3.0 ahead of COP30, setting a target to reduce net GHG emissions by 38% ± 2% by 2035 compared to 2005 levels. Taiwan’s environm
