STATE AND TRENDS OFcarbonpricing © 2026 International Bank for Reconstruction and Development / The World Bank1818 H Street NW, Washington, DC 20433 Attribution Please cite the work as follows: World Bank. 2026.State and Trends of Carbon Pricing 2026.Washington. World Bank, Washington, DC. doi: 10.1596/978-1-4648-2348-0. License: Creative Some rights reserved Translations 1 2 3 4 29 28 27 26 If you create a translation of this work, please add the following disclaimer along with theattribution:This translation was not created by The World Bank and should not be considered an This work is a product of the staff of The World Bank with external contributions. The findings,interpretations, and conclusions expressed in this work do not necessarily reflect the viewsof The World Bank, its Board of Executive Directors, or the governments they represent. TheWorld Bank does not guarantee the accuracy, completeness, or currency of the data includedin this work and does not assume responsibility for any errors, omissions, or discrepancies in Adaptations If you create an adaptation of this work, please add the following disclaimer along with theattribution:This is an adaptation of an original work by The World Bank. Views and opinions Third-party content Nothing herein shall constitute or be construed or considered to be a limitation upon or waiverof the privileges and immunities of The World Bank, all of which are specifically reserved. The World Bank does not necessarily own each component of the content contained withinthe work. The World Bank therefore, does not warrant that the use of any third-party-ownedindividual component or part contained in the work will not infringe on the rights of those thirdparties. The risk of claims resulting from such infringement rests solely with you. If you wish Certain artificial intelligence (“AI”) tools may have been used in creating this work, as indicatedin the work, but all transformative and creative effort expressed in the work was performed bythe World Bank staff or external contributors. The World Bank is not responsible for any claims, Rights and Permissions All queries on rights and licenses should be addressed to World Bank Publications, The WorldBank, 1818 H Street NW, Washington, DC 20433, USA; e-mail:pubrights@worldbank.org. This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attributionlicense, you are free to copy, distribute, transmit, and adapt this work, including for commercial ISBN (electronic): 978-1-4648-2348-0DOI: 10.1596/978-1-4648-2348-0 Cover Design:Design and Creative Services, Global Corporate Solutions, World Bank Group. The cutoff date for the data used in the report was April 1, 2026 unless otherwise stated. The development of this report was led by Anthony Mansell with support fromAshia Bio Sawe, Shreya Rangarajan, Mustafa Ozgur Bozcaga, Jia Jun Lee and JuanMata, and under the guidance of Joseph Pryor. Contributions, including on dataand information on emissions trading systems, were provided by the International Chunhaviriyakul, Kuhle Mxakaza, Lauren Chan, Luca Lo Re, Luis Tineo, MadhubhashiniGunathilaka, Manada Thejani, Maral Sotoudehnia, Marc Sadler, Maria Tsiranidou,Mark Kenber, Marlen Goerner, Martina Bosi, Maryla Maliszewska, Michael PatO’Donoghue, Ministry for National Economy (Hungary), Ministry of Economy, Tradeand Industry (Japan), Ministry of Environment and Protected Areas, Government ofAlberta., Ministry of Finance (Albania), Ministry of the Environment (Japan), MitémoChevalier, Mourad Ziani, Natasha Staffeldt-Jost, Nate Vernon, National Center forClimate Change Strategy and International Cooperation, Ministry of Ecology andEnvironment (China), National Climate Change Secretariat (Singapore), NationalEnvironment Agency (Singapore), Ndiafhi Tuwani, Nenad Vlaketic, Nicolas Garceau, This report benefited greatly from the insights and contributions from Aaron Tam,Alana Clement, Alexandra Andrea Maite Campmas, Alienor Cameron, AnasuyaRaj, Anna Boneta, Anushree Arun Shetty, Aric Gliesche, Arnar Hilmarsson, BasakOdemis, Beate Dansone, Ben Rattenbury, Bota Akhmetova, British Columbia Ministryof Energy and Climate Solutions, California Air Resources Board (CARB), CarolinaGiovanelli, Carolyn Fischer, Clean Energy Regulator (Australia), Daniyar Dzhamalov,David Hynes, Department of Climate Change, Energy, the Environment and Water(Australia), Directorate-General for Climate Action at the European Commission,Dirk Heine, Dragan Demirovic, Environment and Climate Change Canada, EuijinJung, Gabriel Saive, Gjermund Lien Moland, Harshani Abeyrathna, Hugh Salway, Acronyms and Abbreviations Foreword As countries navigate a period of heightened uncertainty – from fiscal pressuresand energy market volatility to growing development needs – policymakers areincreasingly focused on how to deliver growth that is both susta