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24 May 23
Nations raised $95bn through carbon taxes and emissions trading systems last year, an increase of more than 10% on the $84bn raised in 2021, the World Bank said.
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26 May 22
Global income from levies on carbon dioxide production hit record highs in 2021, but the international community has been urged to do more to meet net zero targets.
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14 Apr 22
Introducing carbon taxes might not only lead to lower greenhouse gas emissions but could also help foster a ‘just transition’ to the low-carbon future, a World Bank report has suggested.
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17 Mar 22
The European Council has agreed an approach for partner countries to apply carbon tariffs on good entering the bloc to help fight climate change.
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8 Nov 21
Increased carbon taxes are likely to have a bigger long-term economic impact on countries which are heavily reliant on carbon-intensive energy, according to ratings agency S&P.
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26 Jan 21
More efficient energy policies could generate revenue worth around 1% of GDP for developing countries, the OECD has claimed.
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25 Sep 19
Carbon taxes could become more popular if citizens knew the revenue raised would be put back into society, researchers have found.