The World Bank and several international partners have released a report urging governments to move from climate pledges to actual implementation. The guidance emphasizes that carbon pricing, including taxes and emissions trading systems, must be integrated into broader economic and industrial planning to be effective. A key focus of the report is the role of Article 6 carbon markets. It warns developing nations about the risk of selling too many low cost emissions reductions abroad, which could make meeting their own domestic climate targets more expensive and difficult in the future.
