Carbon Credit News, Washington, May 19, 2026 — Carbon pricing mechanisms have seen remarkable growth, with direct pricing instruments now covering just over 29% of global greenhouse gas emissions, according to the World Bank’s State and Trends of Carbon Pricing 2026 report released today. This coverage could reach around one-third once planned instruments in major emerging economies are implemented.
Carbon pricing revenues have tripled over the past decade, rising from under $30 billion in 2016 to more than $107 billion mobilized for government budgets in 2025. There are now 87 carbon pricing policies worldwide, up by seven from the previous year. Direct carbon prices have increased by 7% since last year and have doubled over the last decade, reaching an average of nearly $21 per tonne of CO₂ equivalent (tCO₂e).
All large middle-income economies have either implemented or are planning direct carbon pricing instruments. The report highlights India and Viet Nam for the most significant developments in the past year. India’s Carbon Credit Trading Scheme (CCTS), a rate-based ETS, has been a notable step forward in building its domestic carbon market.
“Carbon pricing and carbon markets can play an important role in allowing countries to determine their own energy mix,” said Paschal Donohoe, World Bank Group Managing Director and Chief Knowledge Officer. “When designed well, they can help to drive efficiency and innovation, while mobilizing resources for development priorities.”
In voluntary carbon crediting markets, overall issuances rose 8% from 2024 to 2025, though average prices declined slightly. Projects with strong integrity ratings, such as certain forest conservation initiatives and those eligible for international aviation use, continued to command price premiums.
The World Bank emphasized its support for countries in developing effective carbon markets to advance climate goals alongside sustainable growth. The full report and interactive Carbon Pricing Dashboard provide detailed data for policymakers and businesses.
Source : https://www.worldbank.org/ PRESS RELEASE NO: 2026/043/Planet
