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State and trends of carbon pricing 2024
May 29 , 2024
32 days
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- In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report.
- According to the 2024 report, 24% of global emissions are now covered.
- There are 75 carbon taxes and emissions trading schemes in operation worldwide.
- Carbon pricing instruments cover around 24% of global emissions.
- Carbon taxes and emissions trading systems (ETSs) currently being considered could lift coverage to almost 30%.
- Large middle-income countries including Brazil, India, Chile, Colombia, and Türkiye are making strides in carbon pricing implementation.
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