The World Bank reports a record $107 billion in global carbon pricing revenue for 2025, driven by wider adoption and higher prices, signalling a deepening shift in industrial and fiscal strategies worldwide.
Global carbon pricing revenue reached a record $107 billion in 2025, according to the World Bank’s latest State and Trends of Carbon Pricing report, underlining how governments are increasingly leaning on emissions pricing not only as a climate policy instrument but also as a source of public revenue.
The World Bank said direct carbon pricing now covers nearly 30% of global greenhouse gas emissions, supported by 87 policies in force across national, regional and subnational jurisdictions. That marks a steady expansion from earlier years, when carbon pricing was concentrated largely in Europe and North America, and reflects a broader shift as more emerging and middle-income economies bring such schemes into operation.
New or expanded pricing systems were introduced in countries including India, Japan, Mauritania, Serbia and Vietnam, while Brazil and Turkey are among the markets developing mechanisms that could widen global coverage further. The World Bank said all large middle-income economies have now either implemented direct carbon pricing or are considering it, suggesting the policy is moving deeper into the mainstream of industrial and fiscal planning.
The average carbon price has also climbed sharply over the past decade, rising from about $10 a tonne of carbon dioxide equivalent in 2016 to nearly $21 in 2026, according to the report. Much of that increase has come from stronger emissions trading systems, which continue to account for a large share of the revenue raised and are shaping the cost base for carbon-intensive sectors, energy users and supply chains.
For industrial companies, the implications are increasingly practical. As more jurisdictions attach a price to emissions, compliance costs, investment choices and procurement decisions will be affected across production networks. The World Bank’s data point to a policy landscape that is not only expanding in scale, but also becoming more relevant to capital allocation, transition strategy and competitiveness in heavy industry.
- https://sigmaearth.com/global-carbon-emissions-pricing-revenue-hits-record-107-billion-in-2025/?utm_source=rss&utm_medium=rss&utm_campaign=global-carbon-emissions-pricing-revenue-hits-record-107-billion-in-2025 – Please view link – unable to able to access data
- https://www.worldbank.org/en/news/press-release/2026/05/19/direct-carbon-pricing-covers-nearly-one-third-of-global-emissions – The World Bank’s 2026 report reveals that carbon pricing revenues have tripled over the past decade, reaching over $107 billion in 2025. This growth reflects the increasing adoption of carbon pricing mechanisms worldwide, with 87 policies now in place, covering nearly 30% of global greenhouse gas emissions. The report highlights significant developments in countries like India and Vietnam, where new carbon pricing policies have been implemented, and notes that all large middle-income economies have either implemented or are planning direct carbon pricing instruments.
- https://www.worldbank.org/en/publication/state-and-trends-of-carbon-pricing – The World Bank’s ‘State and Trends of Carbon Pricing’ report provides an annual overview of existing and emerging carbon pricing instruments globally. The 2026 edition highlights the expansion of carbon pricing, noting that nearly 30% of global greenhouse gas emissions are now covered by direct carbon pricing. It also discusses the mobilisation of over $107 billion for public budgets in 2025 and the implementation of 87 carbon pricing policies across various jurisdictions.
- https://www.worldbank.org/en/news/press-release/2025/06/10/global-carbon-pricing-mobilizes-over-100-billion-for-public-budgets – According to the World Bank’s 2025 report, carbon pricing revenues exceeded $100 billion, with over half of this revenue allocated to environmental, infrastructure, and development projects. The report notes that 80 carbon pricing instruments are now in operation worldwide, with all large middle-income economies having implemented or considering direct carbon pricing. The report also highlights the significant role of emissions trading systems (ETSs) in generating this revenue.
- https://www.worldbank.org/en/publication/state-and-trends-of-carbon-pricing?intcid=ecr_hp_sidekick1_en_ext – The World Bank’s ‘State and Trends of Carbon Pricing 2025’ report provides an overview of existing and emerging carbon pricing instruments worldwide. It highlights that carbon pricing now covers around 28% of global emissions and has mobilised over $100 billion for public budgets in 2024. The report also notes that over half of power sector emissions are covered by a carbon price, while coverage levels vary across other sectors.
- https://www.worldbank.org/en/news/press-release/2024/05/21/global-carbon-pricing-revenues-top-a-record-100-billion – The World Bank’s 2024 report indicates that carbon pricing revenues reached a record $104 billion in 2023, with 75 carbon pricing instruments in operation worldwide. The report highlights the expansion of carbon pricing in large middle-income countries, including Brazil, India, Chile, Colombia, and Turkey, and notes that over half of the collected revenue was used to fund climate and nature-related programs.
- https://blogs.worldbank.org/en/climatechange/state-and-trends-of-carbon-pricing-2024–positive-progress-on-ca – Jennifer J. Sara discusses the World Bank’s ‘State and Trends of Carbon Pricing 2024’ report, highlighting the positive progress in carbon pricing. The report notes that carbon pricing policies now cover nearly a quarter of global emissions, with revenues reaching a record $104 billion in 2023. The report also highlights the expansion of carbon pricing in large middle-income countries and the increasing consideration of carbon pricing in new sectors such as aviation, shipping, and waste.
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The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The article references the World Bank’s 2026 State and Trends of Carbon Pricing report, published on May 19, 2026. ([worldbank.org](https://www.worldbank.org/en/news/press-release/2026/05/19/direct-carbon-pricing-covers-nearly-one-third-of-global-emissions?utm_source=openai)) The article was published on May 21, 2026, indicating timely reporting. However, the source, Sigma Earth, is not a widely recognized news outlet, which raises concerns about the originality and independence of the content.
Quotes check
Score:
6
Notes:
The article includes direct quotes attributed to the World Bank’s report. However, these quotes cannot be independently verified through the provided sources, as the full report is not accessible online. This lack of verifiable quotes diminishes the credibility of the article.
Source reliability
Score:
4
Notes:
Sigma Earth is not a widely recognized news outlet, which raises concerns about the reliability and independence of the source. The article’s reliance on a single, lesser-known source without corroboration from established news organizations is a significant concern.
Plausibility check
Score:
7
Notes:
The claims about global carbon pricing revenue reaching $107 billion in 2025 and covering nearly 30% of global emissions are plausible and align with the World Bank’s findings. However, the lack of independent verification and reliance on a single, unverified source raises questions about the accuracy of these claims.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The article presents claims about global carbon pricing revenue and coverage that align with the World Bank’s findings. However, the reliance on a single, unverified source (Sigma Earth), the inability to independently verify quotes, and the lack of corroboration from established news organizations raise significant concerns about the article’s credibility and accuracy. Given these issues, the article cannot be considered reliable for publication.
