Carbon Prices apply to over a fifth of global GHG emissions according to a new World Bank study

According to the world bank’s “State and Trends of Carbon Pricing 2021” report, the total of 64 carbon pricing instruments applied around the world cover approx. 20 % of global GHG emissions resulting in a revenue of 53 Bn. US-$.

However, the study also highlights that most carbon prices are still too low to limit global warming to below 2°C. In order to meet the Paris Agreement, a carbon price of 40-80 $/t CO₂e is recommended.

Find out more about carbon pricing, read the study summary…

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