Over one quarter of global greenhouse gas emissions are covered by carbon pricing
WASHINGTON, June 10, 2025—Carbon pricing revenues exceeded $100 billion in 2024, according to a new World Bank report released today. Over half of this revenue generated for public budgets was earmarked for environment, infrastructure, and development projects, representing a slight increase from previous years.
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The World Bank’s annual State and Trends of Carbon Pricing report is aimed at providing an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives. It focuses on identifying key developments relating to all forms of direct carbon pricing – emissions trading systems, carbon taxes, and carbon crediting mechanisms. This year’s report will be the twelfth (in its current format) – building on many decades of World Bank Group’s work in this space.
Carbon pricing can be one of the most powerful tools available to policymakers to incentivize reducing emissions as part of an integrated policy mix. A decade ago, carbon pricing policies covered only 7% of global emissions. Today, nearly a quarter are covered by these instruments.
Continue readingCarbon pricing generated $53 billion in revenue in 2020-21, but despite progress, carbon pricing efforts are not on track to meet Paris Agreement goals, new World Bank report finds
WASHINGTON, May 25, 2021 — A total of 64 carbon pricing instruments are now in operation around the world, covering over 20% of global greenhouse gas emissions and generating $53 billion in revenue. According to the World Bank’s annual “State and Trends of Carbon Pricing” report released today, these advances represent a 17% increase in revenue from last year, However the full potential of carbon pricing remains largely untapped.
Deadline: 28-Nov-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
(i)S&T19: The 2019 report will focus on providing an updated overview of existing and 
emerging carbon pricing initiatives around the world including national, sub-national and corporate activities, emissions trading systems, carbon taxes, and crediting mechanisms Building on the efforts made in 2018, it will include a discussion on the carbon pricing trends. It will also address the feedback received last year and focus on developing clearer lessons learned from the various carbon pricing initiatives and from various publications (including WBG ones), improved infographics featuring key facts and numbers. In addition, it will feature a section on the various ways to price carbon, including through implicit and negative carbon pricing policies. Finally, the report will continue to complete the online dashboard that was launched in 2017, and which allows for direct access to this data and more regular updates. This report is expected to have approximately about 50 pages.
Deadline: 29-Aug-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
A carbon registry is required to perform two basic functions (i) determine the quantity of carbon units held by account holders and (ii) enable the exchange of carbon units between account holders. with the support from the Partnership for Market Readiness (PMR), the Government of Sri Lanka aims to design a national registry system for recording project or mitigation action details, registration and approval, reporting of monitoring data, and the transactional features of carbon units. The registry is an essential tool through which the success of the mechanism will be measured and improved. It will be used for all reporting, collecting, and checking purposes, storing compliance data and identifying any cases of enforcement. It will also track the emissions and trading activity for registered users over the life of a particular scheme.
Deadline: 05-Apr-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
Among carbon pricing policy considerations for Ukraine is the application of a carbon tax to complement the ETS, either through the development of a new taxation system or by improving the existing one with or without changing its current sectoral coverage. In order to assess the impact of carbon tax as a pricing mechanism on the Ukrainian economy, a macroeconomic model will be developed. The study should take into consideration the interaction between carbon taxation and ETS and be coordinated with ongoing technical work in Ukraine with respect to developing an installation-level GHG emissions monitoring, reporting and verification (MRV) system (also supported by the PMR project).
Deadline: 31-Aug-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
The Partnership for Market Readiness (PMR) is a forum for collective innovation and a 
fund to support countries to prepare and implement climate change policies in order to scale-up mitigation efforts. The PMR consists of 13 Contributing Participants, who provide financial support to the PMR Trust Fund and share their carbon pricing experience, and 19 Implementing Country Participants, who receive funding and technical support. In Thailand, the PMR supports the design of an Energy Performance Certificate scheme and prepares infrastructure such as a database and MRV system. PMR activities also include a study on the legal framework for an ETS and preparation of the Low Carbon City Program and Fund.
Deadline: 18-Jul-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
Developing and implementing carbon pricing is anything but easy. Very often, it can turn
out to be not only technically challenging, but also politically risky. As the benefits of carbon pricing policies are not always self-evident, a strategic communication plan for awareness raising and risk management both within the government, among businesses and for the general public can be critical to ensure the successful adoption and implementation of such policies.
Such a communication plan can include how to best communicate the evidence in support of a specific policy and how to customize the case for carbon pricing to different target audiences. The way a government communicates its policy choice can influence if not determine its success. Several countries and sub-national jurisdictions have ample experience with this. These lessons are important to share, particularly as a growing number of jurisdictions look at carbon pricing as a tool to achieve their Nationally Determined Contributions (NDCs). The same is true for businesses which have expressed explicit support for carbon pricing in their jurisdiction.
Deadline: 21-Jun-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
The objective is to develop Carbon Pricing Simulation Tool (CPST) to support policy makers in modeling GHG emissions and economic impacts of carbon pricing instruments (such as carbon taxes, emission trading schemes, and carbon markets), as part of NDCs and against the backdrop of international climate policy scenarios. The CPST will help analyze the role of carbon pricing alongside other actions.
Netherlands for the World Bank 
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