State and Trends of Carbon Pricing 2024-Full Report

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carbon

pricing

STATE AND TRENDS OF

2024

WORLDBANK.ORG2 State and Trends of Carbon Pricing 2024

1818 H Street NW, Washington, DC 20433

Telephone: 202-473-1000

Internet: www.worldbank.org

Some rights reserved.

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Attribution

Please cite the work as follows: World Bank. 2024. State and Trends of Carbon Pricing

2024. Washington, DC: World Bank. DOI: 10.1596/978-1-4648-2127-1. License: Creative

Commons Attribution CC BY 3.0 IGO.

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email: pubrights@worldbank.org.

ISBN (electronic): 978-1-4648-2127-1

DOI: 10.1596/978-1-4648-2127-1

Design: Simpelplus (www.simpelplus.de)

Cover design: Brad Amburn (bradamburn.com)

Copyediting: EpsteinWords

Annexes

Chapter 4

Chapter 3

Chapter 2

Chapter 1

Foreword

Executive Summary

WORLDBANK.ORG

The development of this report was led by the World Bank and prepared by

experts from the World Bank and adelphi. Contributions, including on data and

information on emissions trading systems, were provided by the International

Carbon Action Partnership. Additional data and contributions were also

provided by Ecosystem Marketplace.

Platts, S&P Global Commodity Insights, and the Institute for Climate Economics also

supported development of this report.

The World Bank task team responsible for this report was composed of Joseph

Pryor, Ashia Bio Sawe, Alejandra Mazariegos, Adrian Constantin Gagu, Jichong Wu,

Martin Laplane, Harikumar Gadde, Seoyi Kim, Shreya Rangarajan, Jacob Junghun

Lee, Kathleen Patroni, Conrad Buer, and Helen Guys.

The adelphi team included Constanze Haug, David Hynes, Stephanie La Hoz

Theuer, Victor Ortiz Rivera, Santiago Ramírez Niembro, Lewis Stevens, and Theresa

Wildgrube. Editorial support was provided by Leon Heckmann, Trevor Laroche-

Theune, Anastasia Steinlein, and Hermia Tim Lan Chan.

This report beneted greatly from the insights and contributions from Jesús

Abraham Bartolome Lasa; Alberta Environment and Protected Areas; Andrés

Camilo Álvarez-Espinosa; Alexandra Andrea Maite Campmas; Aivi Aolaid-Aas; Veli

Auvinen; Christopher Axelson; Charlotte Barber; Kristinn Bjarnason; Simon Black;

Velda Buldas; Ciro Calderon; Diana Cardenas Monar; Daniel Clarke; the Clean Energy

Regulator (Australia); Alana Clement; Climate Policy Department (Ukraine); Angela

Colquitt; Claude Côté; Julie Côté; Katherine Cox; Dan Dale; Danish Ministry of

Taxation; Stefano De Clara; Department of Climate Change, Energy, the Environment

and Water (Australia); Department of Finance Canada; Department of Finance,

Government of the Northwest Territories; Dirección Nacional de Investigaciones

y Análisis Fiscal de la Subsecretaría de Ingresos Públicos de la Secretaría de

Hacienda del Ministerio de Economía (Argentina); Joaquín Egaña Tamargo; Assia

Elgouacem; Amanda Engel; Dominik Englert; Federal Oce for the Environment -

Climate Division (Switzerland); Cristina Figueroa Vargas; Carolyn Fischer; Mathieu

Fouquet; Nicolas Garceau; Alexandre Godzinski; Marlen Goerner; Rachel Gold;

Jorge Gómez Lechaptois; Denitza Gonzalez; the Government of New Brunswick;

Stephane Hallegatte; Lotta Hambrecht; Haley Hamza; Insa Handschuch; Andrew

Hayes; Sharlin Hemraj; Kolsaker Hjalmar Richter; Livia Hollins; Rurik Holmberg; David

Hynes; Heeweon Hyun; Karin Jehle; Katie Keegan; Jussi Kiviluoto; Jessica Knowler;

Nicolas Krakovitch; Younghyun Lee; William L’Heudé; Shelby Livingston; Luca Lo Re;

Macroeconomic and Finance Advisory, Ministry of Economy and Finance (Uruguay);

Bosi Martina; Mark Mateo; MÉXICO2; Ministry of Economy, Trade and Industry

(Japan); Ministry of Energy (Hungary); Ministry of the Environment and the J-credit

system secretariat (Japan); Ministry of Finance (Hungary); Mariza Montes de Oca

Leon; Yuliia Morozova; Marco Murcia; Kuhle Mxakaza; Nives Nared; National Center

on Climate Change Strategy and International Cooperation (China); National Climate

Change Secretariat and National Environment Agency (Singapore); Derek Nixon;

Klaus Oppermann; Yongchul Park; Eduardo Piquero; Alex Procton; Anasuya Raj;

Laura Remmelgas; Kim Ricard; Angela Liliana Rodríguez; Clément Roman; Rajinder

Sahota; Gabriel Saive; Rico Salgmann; Hugh Salway; Monique Schafer; Juan Pedro

Searle; Stephen Shelby; Kay Shirey; Mark Sippola; Jacob Smith; Teresa Solozábal

Gallego; William Space; Sandhya Srinivasan; Lewis Stallard; Camille Sultana; Erin

Szelagowski; Emma Tauti; Tax Advisory, Ministry of Economy and Finance (Uruguay);

Thailand Greenhouse Gas Management Organization; Konstantinos Theodoropoulos;

Maria Tome; Dharini Umapathy; Isabella Villanueva; Carlos Villasenor; Laura

Weatherer; Klas Wetterberg; Jordan Wildish; Karlygash Zhunussova; and Mourad

Ziani.

Report design was done by Simpelplus and editing was done by EpsteinWords.

This report has been developed as part of the Technical Work Program under the

Partnership for Market Implementation.

3 State and Trends of Carbon Pricing 2024

Annexes

Chapter 4

Chapter 3

Chapter 2

Chapter 1

Foreword

Executive Summary

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