LONDON, May 20 (Reuters) – Countries raised $107 billion last year by charging firms for emitting carbon dioxide, up 2% from 2024, the World Bank said in a report on Wednesday.
• Several more countries are making polluters pay in the form of a tax, or under an emissions trading system (ETS), or cap-and-trade, system, to help meet their climate goals.
• Nearly 30% of global greenhouse gas emissions are covered by a direct carbon price across 87 implemented policies, the World Bank’s 2026 State and Trends of Carbon Pricing report said.
• New emissions trading systems and carbon taxes have been implemented in India, Japan, Mauritania, Serbia, and Vietnam.
• If policies under development in countries such as Brazil and Turkey are implemented, nearly one third of global GHG emissions could be covered by an ETS or carbon tax.
• The average carbon price has doubled between 2016 and 2026 to nearly $21 per metric ton of carbon dioxide equivalent from $10/tCO2e, driven by ETS price increases, the report said.
(Reporting By Susanna Twidale;Editing by Elaine Hardcastle)
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