Global carbon emissions pricing raised record $107 billion in 2025

Global carbon pricing revenues reached a record US$107 billion in 2025, according to a World Bank report released on May 20. The report said more than 80 carbon pricing mechanisms, including emissions trading systems (ETS) and carbon taxes, are now operating worldwide and cover around 24% of global greenhouse gas emissions. Rising carbon prices, expanded sector coverage, and higher ETS auction revenues contributed to the increase. The World Bank noted that governments are increasingly using carbon pricing to drive emissions reductions, support low-carbon investment, and fund energy transitions. However, the report also warned that most global carbon prices remain below levels needed to achieve Paris Agreement climate goals, while significant differences persist across national carbon pricing systems.
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