Carbon Pricing Poised for Rapid Adoption, World Bank Says
- Portugal, South Africa adding carbon taxes through 2017
- European Union seeks global accounting, market rules
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Carbon-pricing mechanisms such as markets and taxes are set for “widespread and rapid” use in the years after the Paris climate talks as more nations are seen adopting them as incentives for cleaner energy, according to the World Bank.
Carbon taxes introduced in Portugal, South Africa and Chile through 2017 will see 38 systems govern about 12 percent of the world’s greenhouse-gas emissions, up from 5 percent in 2011, the bank said in its annual State and Trends of Carbon Pricing report.