State and Trends of Carbon Pricing 2014

Published: 28/05/2014

The World Bank report “State and Trends of Carbon Pricing 2014” outlines key developments of existing and emerging carbon pricing instruments around the world. Written with support from Ecofys, it registers a new wave of domestic initiatives that have been implemented in California, Kazakhstan, Mexico, Quebec, and six provinces in China since the beginning of 2013.

Today, 39 national and 23 sub-national jurisdictions – responsible for almost a quarter of the global greenhouse gas emissions – have implemented or are scheduled to implement carbon pricing instruments. While challenges to scaling up climate finance remain, national and sub-national jurisdictions are creating opportunities for carbon pricing and emissions trading despite an absent international climate agreement as countries increasingly see carbon pricing as an opportunity to deliver benefits both to the climate and a sustainable economy.

Please find additional insights in the World Bank press release.
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