Global carbon pricing income hits record high
But carbon taxes and emission trading systems show little growth over four years, World Bank says
03 June 2024 - 05:00
Though revenues from carbon pricing mechanisms such as carbon taxes exceeded $100bn for the first time in 2023, carbon taxes and emission trading systems still cover only 24% of global emissions, showing little growth over the past four years.
This is according to a report published by the World Bank...
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