❖ In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report.

❖ According to the 2024 report, 24% of global emissions are now covered.

❖ There are 75 carbon taxes and emissions trading schemes in operation worldwide.

 ❖ Carbon pricing instruments cover around 24% of global emissions.

❖ Carbon taxes and emissions trading systems (ETSs) currently being considered could lift coverage to almost 30%.

❖ Large middle-income countries including Brazil, India, Chile, Colombia, and Türkiye are making strides in carbon pricing implementation.