WASHINGTON, May 21, 2024 — In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report released today. There are now 75 carbon pricing instruments in operation worldwide. Over half of the collected revenue was used to fund climate and nature-related programs. “Carbon pricing can be one of the most powerful tools to help countries reduce emissions. That’s why it is good to see these instruments expand
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