OECD β Pricing Greenhouse Gas Emissions, 2024
Summary
The "Pricing Greenhouse Gas Emissions, 2024" report by the Organisation for Economic Co-operation and Development (OECD) analyzes the evolution of carbon pricing mechanisms and energy taxation from 2021 to 2023 across 79 countries, covering approximately 82% of global greenhouse gas emissions.
This comprehensive study examines the implementation of emissions trading systems, carbon taxes, fuel and electricity excise taxes, and subsidies that influence energy prices. It highlights the impact of the global energy crisis on carbon pricing, noting a slowdown in progress due to increased support measures and tax reductions. The report also discusses the development of new carbon pricing schemes, projecting an increase in emissions coverage from 27% to 34% over the next five years, bringing total coverage close to 50% of global emissions.
Region:
Global
Published:
November 2024
Author(s):
Organisation for Economic Co-operation and Development
Language:
English