Global Carbon Pricing Revenues Top a Record $100 Billion

WASHINGTON DC, May 21, 2024 –

In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report. There are now 75 carbon pricing instruments in operation worldwide. Over half of the collected revenue was used to fund climate and nature-related programs. The World Bank has been tracking carbon markets for around two decades and this is it’s eleventh annual carbon pricing report. When the first report was released, carbon taxes and Emission Trading Systems (ETS) covered only 7% of the world’s emissions. According to the 2024 report, 24% of global emissions are now covered.

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ABOUT WORLD CERTIFICATION INSTITUTE (WCI)

World Certification Institute (WCI) is a global certifying and accrediting body that grants credential awards to individuals as well as accredits courses of organizations.

During the late 90s, several business leaders and eminent professors in the developed economies gathered to discuss the impact of globalization on occupational competence. The ad-hoc group met in Vienna and discussed the need to establish a global organization to accredit the skills and experiences of the workforce, so that they can be globally recognized as being competent in a specified field. A Task Group was formed in October 1999 and comprised eminent professors from the United States, United Kingdom, Germany, France, Canada, Australia, Spain, Netherlands, Sweden, and Singapore.

World Certification Institute (WCI) was officially established at the start of the new millennium and was first registered in the United States in 2003. Today, its professional activities are coordinated through Authorized and Accredited Centers in America, Europe, Asia, Oceania and Africa.

For more information about the world body, please visit website at https://worldcertification.org.