Carbon Pricing Mechanisms Expand Globally

Carbon pricing has emerged as a critical policy instrument in the global fight against climate change, with over 70 jurisdictions now implementing some form of carbon tax or emissions trading system. The combined coverage of these mechanisms now accounts for approximately 30% of global greenhouse gas emissions.

Market Linkages

Several regional carbon markets are exploring linkages to create larger, more liquid trading systems. The EU's Emissions Trading System remains the world's largest, with carbon prices recently exceeding €90 per tonne.