World Bank: Carbon pricing revenues hit $100bn in 2023, but prices remain unaligned with climate goals

Cecilia Keating
clock • 3 min read
Credt: iStock
Image:

Credt: iStock

New analysis reveals 75 carbon pricing regimes generated $104bn last year, with more than half of revenues going towards climate and nature-related programmes

Revenues from carbon pricing schemes topped $100bn for the first-time last year, but carbon taxes and emissions trading schemes around the world "continue to fall short" of the price signals required to...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Carbon Trading

The carbon credits debate is finally shifting from 'whether' to invest to 'how'

The carbon credits debate is finally shifting from 'whether' to invest to 'how'

With clarity and integrity noticeably improving in supply and demand, where we used to represent opposing positions, we now largely agree on how companies should use carbon credits, write VCMI's Mark Kenber and Oxford Net Zero's Kaya Axelsson

Mark Kenber, VCMI, and Kaya Axelsson, Oxford Net Zero
clock 21 September 2026 • 4 min read
Google inks its 'largest ever' carbon and methane removal deal

Google inks its 'largest ever' carbon and methane removal deal

Agreement with Terradot pairs methane cuts from sustainable rice farming with enhanced rock weathering on rice farms in Brazil

clock 17 September 2026 • 2 min read
VodafoneThree puts out call for UK-based carbon removals to support its climate strategy

VodafoneThree puts out call for UK-based carbon removals to support its climate strategy

Telecoms operator launches four-year procurement process with Abatable to seek carbon removals from nature based and engineered projects across the UK

clock 14 August 2026 • 2 min read