Less than 4% of global GHGs covered by a sufficient carbon price to meet 2030 goals

Published 17:24 on May 24, 2022  /  Last updated at 17:25 on May 24, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, EU ETS, International, Nature-based, New Zealand, Paris Article 6, US, Voluntary Market  /  No Comments

Despite direct carbon price instruments covering almost one quarter of global greenhouse gas (GHG) emissions bringing in $84 billion in 2021, less than 4% are within a system with a sufficient price to meet Paris Agreement-aligned 2030 climate goals, a report from the World Bank said Tuesday.

Despite direct carbon price instruments covering almost one quarter of global greenhouse gas (GHG) emissions bringing in $84 billion in 2021, less than 4% are within a system with a sufficient price to meet Paris Agreement-aligned 2030 climate goals, a report from the World Bank said Tuesday.

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