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
July 31, 2025 | New Security Beat (Wilson Center’s Environmental Change and Security Program blog) |  Japan and China are advancing the conversion of food waste into animal feed to cut methane emissio
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 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
November 19, 2025 | CGIAR | 8 countries—Australia, Canada, Japan, New Zealand, Norway, Peru, Saudi Arabia, and the United Kingdom (UK)—announced support for RAIZ (The Resilient Agriculture Investment
July 31, 2025 | Agroberichten Buitenland (Nieuwsbericht) | Â Livestock waste, which makes up nearly 80% of global agricultural waste, is a major source of water pollution, soil degradation and GHG emis
