Carbon pricing

Global carbon emissions pricing raised record $104 bln in 2023

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Global carbon emissions pricing raised record 4 bln in 2023

LONDON —  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 report on Tuesday. Several countries are using a price on carbon emissions to help meet their climate … Read more

UK Implements New Carbon Pricing Mechanism to Equalise Imports and Local Production

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UK Implements New Carbon Pricing Mechanism to Equalise Imports and Local Production

The United Kingdom is set to introduce a pioneering import carbon pricing mechanism by 2027, aimed at bolstering the nation’s drive toward decarbonisation. According to a recent release by the UK government, this initiative will enforce a comparable carbon price on imports of crucial goods such as iron, steel, aluminium, ceramics and cement originating from … Read more