29.10.2015 - Governments to raise $22 billion from carbon pricing in 2015: report
Governments around the world will this year raise around $22 billion from schemes putting a price on carbon dioxide (CO2) emissions such as taxes or emissions trading systems, a report on Wednesday showed. The role of carbon pricing, in efforts to curb rising emissions blamed for global warming, has gained prominence this year after several multinational companies including oil majors said such a price is needed to spur investment in low-carbon energy. The figure is up 46 percent from an estimated $15 billion raised in 2014, the report by industry group the Climate Markets and Investment Association (CMIA) showed. "Revenues from carbon pricing appear likely to continue to increase around the world, and continuing debate will be needed about how these funds should best be used in future," it said...............................................Full Article: Source
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