Global carbon pricing revenues reached record USD 104 billion in 2023, milestone in climate action: Report

New Delhi [India], May 23 (ANI): Global carbon pricing revenues reached a record USD 104 billion in 2023, according to the World Bank's annual "State and Trends of Carbon Pricing 2024" report.

This milestone highlights the growing global commitment to using economic tools to combat climate change.

The report indicates that there are now 75 carbon pricing instruments in operation worldwide, reflecting a significant increas