Global carbon pricing revenues exceed $100bn in 2024 for public budgets

Global Carbon Pricing and Revenues: How Carbon Markets Hit Over $100 Billion

Governments around the world are turning to carbon pricing to reduce greenhouse gas emissions and raise money for climate and development efforts. Carbon pricing tools—such as carbon taxes and emissions trading systems (ETSs)—now cover nearly a third of the world’s carbon pollution and generate billions in public revenue. This article looks at recent trends in carbon pricing as seen in key industry reports. It covers global revenue figures, mark…

Global carbon pricing revenues exceed $100bn in 2024 for public budgets

A new World Bank report has revealed that carbon pricing revenues surpassed $100bn in 2024, marking a contribution to public budgets.