Carbon pricing is a policy approach aimed at reducing carbon dioxide (CO2) emissions by placing a monetary cost on the release of carbon into the atmosphere.
Carbon pricing revenues reached a record $104 billion in 2023, said a World Bank report, adding over half of the collected revenue was used to fund climate and nature-related programmes.There are now 75 carbon pricing instruments in operation worldwide.
Global carbon pricing revenues reached record USD 104 billion in 2023, milestone in climate action: Report aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Global carbon emissions pricing hits record in 2023 news.az - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.az Daily Mail and Mail on Sunday newspapers.
By Susanna Twidale LONDON (Reuters) - Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World Bank said in a r.