The World Bank's 2022 report on carbon pricing provides an overview of the state and trends of carbon pricing mechanisms worldwide. The report highlights that carbon pricing is a key policy tool for reducing greenhouse gas emissions and transitioning to a low-carbon economy. The report ranks countries based on the level of carbon pricing in place and finds that developed countries tend to have higher levels of carbon pricing compared to developing countries. The report also discusses the different types of carbon pricing mechanisms, including carbon taxes and cap-and-trade systems, and their effectiveness in reducing emissions. The report concludes that while progress has been made in implementing carbon pricing, there is still much work to be done to expand the use of these policies globally.
