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.

The central estimate of the remaining carbon budget for 1.5°C is 130 billion tons of carbon dioxide (CO2) (from the beginning of 2025). This would be exhausted in a little more than three years ...

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 ...

It's been another record-breaking year for carbon dioxide (CO2) emissions from fossil fuels, European researchers reported in a new study released early Tuesday in Dubai.

Andre Penner/Associated Press Nations are trying to reach an agreement to charge commercial vessels a fee for their emissions in what would effectively be the world’s first global carbon tax.

The United Nations shipping agency is on the cusp of introducing binding regulations to phase out fossil fuel use in global shipping — with the world's first-ever global emissions levy on the table.

A meta-analysis of 21 carbon-pricing schemes suggests that the strategy reduces greenhouse-gas emissions. Deciding how high to set prices is the next step — and one that might benefit from the ...

As nations of the world debate a historic global carbon tax on shipping, the US has waded in with threats of retaliation.