State and trends of carbon pricing 2025
The World Bank reports that carbon pricing instruments now cover 28% of global emissions and raised over $104B in 2024, an all-time high. The report explores emerging trends in carbon market linkages, Article 6 readiness, use of revenues, and climate equity. It also reviews new systems launched in India, Vietnam, and Brazil, alongside revisions in the EU and China. The voluntary market is examined for its integration potential and integrity risks. A section on international cooperation outlines how pricing can support the just transition and sustainable development across jurisdictions.