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.

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 ...

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.

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.

Several countries are using a price on carbon emissions to help meet their climate goals in the form of a tax, or under an emissions trading, or cap-and-trade, system.

For decades, scientists and economists have concluded that pricing carbon is critical to reducing global carbon-dioxide emissions fast enough to combat irreversible climate change. Yet most ...

An International Monetary Fund report says a carbon price can anchor policies that tackle climate change without ballooning national debt.

Carbon pricing gives entities a choice between reducing emissions or paying for them, primarily through carbon taxes or emissions trading systems (ETS). Europe houses 24 of the 70 active global ...

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 ...