The World Bank's 2026 report shows a steady rise in global carbon pricing, with annual revenues from emissions trading and taxes exceeding 107 billion dollars. While developed economies lead in revenue, countries like India, Japan, and Vietnam are expanding their national emissions trading systems to accelerate decarbonization. India is implementing the Carbon Credit Trading Scheme (CCTS) to target hard-to-abate sectors including cement, aluminum, and petroleum refining. This framework allows energy-intensive industries to earn and trade certificates by meeting emissions intensity targets, helping them remain competitive while reducing fossil fuel dependence.
