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Launch of the 2024 State and Trends of Carbon Pricing Report

May 21, 2024
Virtual

Watch the event replay.

Climate change and its impacts are accelerating, posing a serious threat to sustainable development. Despite new pledges, there is a large gap between where we are and where we need to be to meet the 1.5°C temperature goal. This includes a significant gap between the ambition stated in government pledges and the emissions reductions expected to be delivered by polices currently in place. Carbon pricing instruments play a critical role in addressing this gap, as they can incentivize change across economies and be tailored to align with net-zero goals. When combined with other policies, carbon pricing can help accelerate and ensure a smooth transition to a low-carbon economy. The World Bank’s annual State and Trends of Carbon Pricing report and the associated Carbon Pricing Dashboard, provide an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives.

Watch the replay of the launch of the 2024 State and Trends of Carbon Pricing presented at the EUI Climate Week conference in Florence, Italy. This hybrid in-person and online event provided an overview of this year’s State and Trends of Carbon Pricing report, highlighting the developments over the past 12 months relating to emissions trading systems, carbon taxes, and carbon crediting. It also marked the release of the modernized Carbon Pricing Dashboard, which allows users to access the data underpinning the State and Trends report.