| Government receipts from carbon pricing schemes leapt 60% to US $26 billion through 2015, a World Bank study revealed on Wednesday. The news comes amid widespread gloom over the impact of global carbon markets and pricing mechanisms, which are now operating in 40 countries.
While national coffers are swelling, there’s little sign it’s having the opposite impact on greenhouse gas emissions. According to a separate study from consultants PwC, to meet the targets laid out in last December’s UN climate deal a tonne of CO2 should be rated at US$45, far higher than prices in major markets...............................................Full Article: Source |