The World Bank Group has been tracking carbon markets for two decades, and 2023 marks ten years since the first State and Trends report, following developments across the globe of all forms of direct carbon pricing – Emissions Trading Systems, carbon taxes and carbon crediting.

State and Trends of Carbon Pricing 2023 provides a comprehensive overview of the developments in direct carbon pricing during 2022 and into 2023. This year’s report shows that governments are prioritizing policies that provide a direct signal to reduce emissions, even in difficult economic times. Developments on Article 6 suggest a pathway for international carbon markets, but more work is needed to unlock its full potential.

This session will showcase the main findings of the State and Trends of Carbon Pricing Report 2023, what it means for the future of carbon markets, and how it can support global climate goals.

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