There are 75 global carbon pricing instruments in operation, up two from a year ago, covering around 24% of global greenhouse gas emissions. The figure raised in 2023 in carbon revenues was up ...

There are currently 73 global carbon pricing instruments in operation, compared with 68 when the World Bank issued its 2022 report last May, covering around 23% of global greenhouse gas emissions.

Revenues from carbon taxes and Emissions Trading Systems (ETS) have reached a record high, about $95 billion, finds the World Bank’s annual “State and Trends of Carbon Pricing” report.

This milestone highlights the growing global commitment to using economic tools to combat climate change. Global carbon pricing revenues reached a record USD 104 billion in 2023, according to the ...

Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority ...

Many of the world’s largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships, if their planet-heating emissions are not already ...

A UN report published in October said global carbon emissions were slowly plateauing and had raised the possibility they could fall this year.

Carbon pricing is just one part of the large policy arsenal needed to tackle global climate change. But failing to build on recent momentum would be a missed opportunity.

Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World ...

Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.