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
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
December 1, 2025 | European Commission |Â The European Commission adopted new rules and initiatives to expand carbon removals and carbon farming across the EU, aiming to standardize monitoring, reporti
November 11, 2025 | ESG News |Â The European Union (EU) announced adjustments to environmental requirements under the Common Agricultural Policy (CAP), easing certain green rules for farmers. The refor
December 12, 2025 | Agriculture and Food Agency, Ministry of Agriculture, Taiwan (In Chinese) | Taiwan’s Agriculture and Food Agency (AFA) announced new efforts to promote domestic fresh fruit consump
November 26, 2025 | Carbon Brief | COP30 in Belém delivered mixed outcomes for food systems, forests, land, and nature. While negotiators advanced several initiatives under the Brazilian presidency’s
