CarbonMatters

This week, the World Economic Forum released its 2024 report titled "𝗧𝗵𝗲 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗜𝗻𝗮𝗰𝘁𝗶𝗼𝗻: 𝗔 𝗖𝗘𝗢 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗥𝗶𝘀𝗸", highlighting the severe economic and business risks tied to climate change. As global temperatures rise, the costs of climate-related disasters have already surged, reaching over $3.6 trillion since 2000. The report emphasizes that these costs will continue to escalate, with global GDP potentially shrinking by up to 22% by 2100 unless urgent action is taken. The report highlights that businesses face significant physical risks, with up to 25% of their EBITDA at risk by 2050 if they fail to adapt to the changing climate. Companies are also at risk of transition costs as regulations tighten and carbon pricing increases. Those who do not decarbonize may face additional costs, from asset write-downs to declining demand for fossil fuel-based technologies. But it’s not all doom and gloom. The report underscores the business case for climate action. Companies investing in climate adaptation and mitigation could see returns of $2 to $19 for every dollar spent. Moreover, those that lead in the transition are well-positioned to unlock new growth, create resilience, and gain competitive advantages in emerging markets. The report also offers a guide for CEOs, urging them to conduct comprehensive climate risk assessments, manage risks within their portfolios, and pivot their businesses to embrace climate-smart opportunities. Those who act decisively will be better positioned to thrive in a changing world. In short, the time to act is now. Businesses that delay may face substantial risks, while those who take bold steps towards climate adaptation and decarbonization stand to benefit in the long run. For a deeper dive into these findings, check out the full report here: https://lnkd.in/g5-jZedR. #ClimateAction #Sustainability #BusinessLeadership #ClimateRisk #Adaptation

🌍 𝗨𝗻𝘃𝗲𝗶𝗹𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝗔𝗿𝘁𝗶𝗰𝗹𝗲 𝟲 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀! 🌱 The 𝗜𝗘𝗧𝗔 𝗮𝗻𝗱 𝗔𝟲𝗜𝗣 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝘂𝗹𝘀𝗲 𝗦𝘂𝗿𝘃𝗲𝘆 has illuminated the private sector's role in implementing 𝗔𝗿𝘁𝗶𝗰𝗹𝗲 𝟲 of the Paris Agreement. With insights from over 100 companies, this first-of-its-kind survey reveals both 𝗶𝗺𝗺𝗲𝗻𝘀𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 and 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗵𝘂𝗿𝗱𝗹𝗲𝘀 in the carbon markets. 📈 𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀: - Companies see 𝗻𝗲𝘄 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘀𝘁𝗿𝗲𝗮𝗺𝘀, 𝗿𝗶𝘀𝗸 𝗺𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻, and 𝗲𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗿𝗲𝗽𝘂𝘁𝗮𝘁𝗶𝗼𝗻𝘀 as major drivers for participating in Article 6 mechanisms. - 🌾 𝗦𝗲𝗰𝘁𝗼𝗿𝘀 𝗶𝗻 𝗱𝗲𝗺𝗮𝗻𝗱: Sustainable agriculture, afforestation, and carbon removals dominate interest, particularly in South and East Asia, South America, and Africa. - 💰 83% of respondents are ready to pay a 𝗽𝗿𝗲𝗺𝗶𝘂𝗺 𝗳𝗼𝗿 𝗵𝗶𝗴𝗵-𝗶𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆 𝗔𝗿𝘁𝗶𝗰𝗹𝗲 𝟲 𝗰𝗿𝗲𝗱𝗶𝘁𝘀, reflecting strong confidence in their value. - 🌍 Companies emphasize the need for robust host country frameworks to ensure market transparency and integrity. ⚠️ 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻: - 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 in international negotiations and host country readiness are significant barriers. - Transparent and streamlined systems are urgently needed to unlock private sector investments. 💡 𝗖𝗮𝗹𝗹 𝘁𝗼 𝗔𝗰𝘁𝗶𝗼𝗻: As COP29 winds down, the survey underscores the urgent need for: - Finalizing Article 6 rules to boost market confidence. - Integrating these credits into compliance schemes to drive demand and ambition. The message is clear: Article 6 markets are ripe for innovation and collaboration. Let’s harness their potential to accelerate our journey toward 𝗻𝗲𝘁-𝘇𝗲𝗿𝗼 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀! 🚀 Read the full report to discover how we can collectively shape a resilient, low-carbon future. #ClimateAction #CarbonMarkets #Article6 #NetZero #Sustainability

🌍🌱 𝗖𝗢𝗣𝟮𝟵 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲: 𝗔𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🌱🌍 In a landmark decision at COP29 in Baku, negotiators adopted the operational standards for 𝗔𝗿𝘁𝗶𝗰𝗹𝗲 𝟲.𝟰 of the Paris Agreement, creating a UN-managed global carbon market. This centralized system now enables countries and companies to trade carbon credits, supporting emission reduction goals and climate finance flows to regions with carbon-rich ecosystems. However, 𝗔𝗿𝘁𝗶𝗰𝗹𝗲 𝟲.𝟮, which allows bilateral trading agreements between nations, remains under discussion. Key issues like transparency and preventing double counting are still being debated, with countries like the EU and US advocating for rigorous standards. While much work lies ahead, this achievement at COP29 is a crucial step toward scaling climate finance and enabling international collaboration on carbon reductions. The next phase will focus on finalizing Article 6.2, building toward a robust, transparent, and equitable carbon market. #COP29 #ParisAgreement #ClimateAction #Sustainability #CarbonMarkets #GlobalCooperation #ClimateFinance https://shorturl.at/c3AkT

🌍 𝗧𝗵𝗲 𝗩𝗼𝗹𝘂𝗻𝘁𝗮𝗿𝘆 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗔 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿 𝗶𝗻 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗖𝗮𝗿𝗯𝗼𝗻 𝗥𝗲𝗺𝗼𝘃𝗮𝗹 𝗳𝗼𝗿 𝗡𝗲𝘁 𝗭𝗲𝗿𝗼 🌱 As we work toward net-zero goals, the voluntary carbon market (VCM) is emerging as a powerful catalyst in scaling up carbon removal technologies. According to recent insights from the World Economic Forum, the VCM could play a pivotal role in meeting the world’s ambitious carbon dioxide removal (CDR) targets—potentially reaching up to 𝟭𝟬 𝗴𝗶𝗴𝗮𝘁𝗼𝗻𝗻𝗲𝘀 𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗯𝘆 𝟮𝟬𝟱𝟬. Here’s why this is a game-changer: 🔹 𝗠𝗼𝗯𝗶𝗹𝗶𝘇𝗶𝗻𝗴 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹: The VCM provides a framework that encourages private sector investment in innovative CDR projects. From direct air capture to biochar and reforestation, this influx of capital can accelerate R&D and deployment, pushing carbon removal solutions into the mainstream. 🔹 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: As the market matures, standards for credit quality and reporting are improving, which is crucial for maintaining trust. Clear, science-based metrics and verification are essential for ensuring that credits contribute real, measurable climate benefits. 🔹 𝗙𝗶𝗹𝗹𝗶𝗻𝗴 𝗣𝗼𝗹𝗶𝗰𝘆 𝗚𝗮𝗽𝘀: While government-led initiatives are critical, they’re often slow-moving. The VCM offers a complementary path, allowing businesses and individuals to voluntarily offset emissions and support projects that remove CO2 from the atmosphere right now—filling immediate policy gaps with action. 🔹 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀: The VCM’s growth is driving demand for carbon removal technologies, paving the way for scalable solutions that we’ll need to reach net zero. By supporting early-stage technologies through market demand, we’re building the foundations for a low-carbon economy. This voluntary commitment to carbon removal is proof of the power of collective action. With businesses, innovators, and policymakers all involved, the VCM is helping to bridge today’s climate goals with tomorrow’s technological breakthroughs. Here’s to a future where we not only reduce emissions but actively remove them from our atmosphere. 🌍💼 #NetZero #CarbonRemoval #Sustainability #VoluntaryCarbonMarket #ClimateAction Link:  https://shorturl.at/fnZbJ

🌍 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗶𝗻𝗴 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝘁𝗼 𝗘𝗺𝗽𝗼𝘄𝗲𝗿 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗡𝗮𝘁𝗶𝗼𝗻𝘀 🌍 The UN’s call to harness carbon markets as a support system for the world’s poorest nations is more than a proposal—it’s a wake-up call. Today, these 45 Least Developed Countries (LDCs) face mounting climate challenges, despite being least responsible for the crisis. What’s at stake is not only their sustainable development but their survival. The barriers LDCs face in accessing carbon markets are glaring. Despite being well-positioned to generate credits in sectors like forestry and agriculture, they’re tapping into only 2% of their potential. Why? Current carbon prices hover around $10 per ton, a rate that severely undervalues their contributions to global climate goals. UNCTAD suggests that a viable carbon price should be closer to $100 per ton to make a meaningful impact. If we don’t correct this price discrepancy, 97% of LDCs’ potential to mitigate climate change could remain untapped until 2050—an outcome we simply cannot afford. What can we do? 1. 𝗛𝗮𝗿𝗺𝗼𝗻𝗶𝘇𝗲 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀: Fragmented rules across regions open the door to greenwashing and limit market accessibility. COP29 presents an urgent opportunity to unify carbon market standards, ensuring a transparent and supportive system for all nations. 2. 𝗥𝗮𝗶𝘀𝗲 𝘁𝗵𝗲 𝗖𝗮𝗿𝗯𝗼𝗻 𝗣𝗿𝗶𝗰𝗲 𝗙𝗹𝗼𝗼𝗿: Establishing a global minimum price for carbon could empower LDCs to attract investments and ensure their carbon credits generate real value and impact. 3. 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗮𝗻𝗱 𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴: LDCs need financial resources to develop carbon-reducing projects and navigate the complexities of the market. This support should be prioritized within climate finance initiatives. As we head into COP29, leaders have a unique opportunity to reframe carbon markets as engines for both climate action and global equity. Inclusive and effective carbon markets could transform the climate fight, not only by reducing emissions but by unlocking sustainable growth for nations most impacted by the climate crisis. Let’s ensure this is a conversation that leads to action. https://shorturl.at/if7Os #CarbonMarkets #SustainableDevelopment #ClimateAction #COP29 #CarbonPricing

🔍 𝗧𝗮𝗰𝗸𝗹𝗶𝗻𝗴 𝗠𝗲𝘁𝗵𝗮𝗻𝗲: 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗨𝗿𝗴𝗲𝗻𝗰𝘆 𝗶𝗻 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗔𝗰𝘁𝗶𝗼𝗻 Despite commitments from nearly 160 countries and 140 companies to curb methane emissions, recent data reveals emissions from the fossil fuel sector remain close to record highs. This powerful greenhouse gas continues to rise, posing a critical challenge for climate goals. Here are some key takeaways: 🔹 𝗠𝗲𝘁𝗵𝗮𝗻𝗲 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 𝗚𝗮𝗽𝘀: Since 2022, the International Methane Emissions Observatory (IMEO) has alerted governments and companies about over 1,100 large methane leaks. Yet only a handful of these emissions sources have been addressed, revealing a gap between detection and action. 🔹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 𝗛𝗶𝗴𝗵: Methane emissions from oil, gas, and coal production remain near 2019 levels. While some companies report progress, real-world data shows a widening gap between reported emissions and scientific measurements. 🔹 𝗦𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗗𝗮𝘁𝗮’𝘀 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹: High-resolution satellites are now capable of pinpointing emissions at individual sites, allowing for more transparency and accountability. Yet, data alone can’t cut emissions—effective regulations and enforcement are essential. 🔹 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗡𝗲𝗲𝗱𝗲𝗱: Governments, including the US and China, are working on methane-specific goals for 2035, but success will require global alignment and strict enforcement. Upcoming COP29 discussions will focus on methane, with a special summit involving the US and China. 🔹 𝗡𝗲𝘄 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗮𝗻𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵: From AI-powered analysis to better satellite imaging, new technologies are accelerating our ability to identify and track methane leaks. The next step? Ensuring that data leads to swift, impactful action. Methane mitigation remains one of the fastest ways to curb global warming. The data underscores the need for stronger commitments, collaboration, and investment in proven solutions. The question is: will we see action before it’s too late? https://shorturl.at/jKTvI #MethaneReduction #ClimateAction #Sustainability #CleanEnergy #COP29

🔋 𝗖𝗮𝗻 𝗔𝗜’𝘀 𝗛𝘂𝗴𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗡𝗲𝗲𝗱𝘀 𝗛𝗲𝗹𝗽 𝗕𝗼𝗼𝘀𝘁 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆? 🌍 There’s a lot of talk about how artificial intelligence (AI) uses a ton of energy, which could put a strain on our power supply. But what if AI’s energy demand could actually help grow clean energy? Here’s why that might be possible: - 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗡𝗲𝘄 𝗣𝗼𝘄𝗲𝗿 𝗦𝗼𝘂𝗿𝗰𝗲𝘀: AI data centers need constant, large amounts of power. This could encourage the faster use of clean energy sources, like advanced nuclear and geothermal, which provide reliable, steady power. - 𝗕𝗶𝗴 𝗧𝗲𝗰𝗵’𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗶𝗻 𝗖𝗹𝗲𝗮𝗻 𝗣𝗼𝘄𝗲𝗿: Major tech companies that are leading in AI are willing to spend extra for green, consistent energy. Their investments could help speed up the adoption of new clean energy technologies. - 𝗔𝗜 𝗖𝗮𝗻 𝗕𝗼𝗼𝘀𝘁 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗥&𝗗: AI doesn’t just need a lot of power; it can also help make energy better. AI speeds up research and development in clean energy, helping solve problems in nuclear and geothermal power faster. - 𝗕𝗲𝘁𝘁𝗲𝗿 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗳𝗼𝗿 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲: To support AI’s power needs, companies are developing advanced systems, like new ways to transport electricity and keep things cool. These improvements could benefit the whole energy grid, making it cleaner and more reliable. - 𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻: Countries that lead in both AI and clean energy will have a major advantage. With China heavily investing in these areas, the U.S. may need to act quickly to stay competitive. AI’s demand for power doesn’t have to be seen as a problem—it could be the push we need to grow clean energy solutions. hashtag#ArtificialIntelligence hashtag#CleanEnergy hashtag#GreenFuture hashtag#TechInnovation hashtag#FutureEconomy 🌱

🚨 𝟮𝟬𝟮𝟰 𝗟𝗮𝗻𝗰𝗲𝘁 𝗖𝗼𝘂𝗻𝘁𝗱𝗼𝘄𝗻: 𝗥𝗲𝗰𝗼𝗿𝗱 𝗛𝗲𝗮𝗹𝘁𝗵 𝗥𝗶𝘀𝗸𝘀 𝗳𝗿𝗼𝗺 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗖𝗵𝗮𝗻𝗴𝗲 🚨 The 𝘓𝘢𝘯𝘤𝘦𝘵 𝘊𝘰𝘶𝘯𝘵𝘥𝘰𝘸𝘯's latest report, published in 𝘛𝘩𝘦 𝘓𝘢𝘯𝘤𝘦𝘵, highlights the urgent health risks posed by climate change, with severe implications for global health systems. Here are key findings: - 𝗥𝗲𝗰𝗼𝗿𝗱 𝗛𝗲𝗮𝘁-𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗗𝗲𝗮𝘁𝗵𝘀: Rising temperatures have increased heat-related mortality by 167% among older adults since the 1990s, putting millions at heightened risk. - 𝗘𝘅𝘁𝗿𝗲𝗺𝗲 𝗪𝗲𝗮𝘁𝗵𝗲𝗿 𝗘𝘃𝗲𝗻𝘁𝘀: Droughts, floods, and wildfires are escalating, with 48% of the global land area experiencing extreme drought in 2023 alone. This impacts food security and infectious disease spread. - 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗜𝗺𝗽𝗮𝗰𝘁: Weather-related disasters now cost an estimated $227 billion annually, primarily burdening vulnerable communities with low insurance coverage. - 𝗙𝗼𝘀𝘀𝗶𝗹 𝗙𝘂𝗲𝗹 𝗦𝘂𝗯𝘀𝗶𝗱𝗶𝗲𝘀: Despite climate action goals, fossil fuel subsidies hit $1.4 trillion in 2022, underlining the need for policy shifts toward renewable investments. As health threats grow, this report calls for urgent, integrated action across sectors to prioritize climate resilience and health equity. https://shorturl.at/1EYFK #ClimateHealth #LancetCountdown #ClimateCrisis #SustainableHealth #NetZero

The cleantech boom is going to continue says the IEA. The global market value is expected to triple to $2.1 trillion by 2035. Fuelling this growth is record investments in making clean technology as countries compete with each other to boost their energy security, stay competitive, and cut emissions. Most of this funding is focused in regions with strong positions in clean tech, like China, the EU, the U.S., and increasingly India. https://shorturl.at/x6803 #CleanTech #SustainableGrowth #EnergyTransition #IEA #GreenEconomy

🌍 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗮𝗿𝗯𝗼𝗻 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗛𝗶𝘁𝘀 $𝟭𝟬𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲! 🌍 The World Bank reports that 𝗴𝗹𝗼𝗯𝗮𝗹 𝗰𝗮𝗿𝗯𝗼𝗻 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝗿𝗲𝘃𝗲𝗻𝘂𝗲𝘀 𝗵𝗮𝘃𝗲 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗮 𝗿𝗲𝗰𝗼𝗿𝗱-𝗯𝗿𝗲𝗮𝗸𝗶𝗻𝗴 $𝟭𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in 2023. This historic milestone signals increased momentum in using carbon pricing as a tool to curb emissions and incentivize greener practices worldwide. Key Highlights: - 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻: More governments and regions are implementing carbon taxes and emissions trading systems (ETS) as part of their climate strategies. - 𝗦𝗲𝗰𝘁𝗼𝗿 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: The reach of carbon pricing has broadened, with more industries now included, helping drive emissions reductions across multiple sectors. - 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗥𝗲𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Many countries are channeling these revenues back into climate resilience projects, clean energy programs, and just transition initiatives, amplifying the positive impact on communities. As the world intensifies efforts to meet climate targets, carbon pricing continues to be a crucial lever for encouraging sustainable growth and decarbonization. #ClimateAction #CarbonPricing #Sustainability #NetZero #WorldBank For the full report, check out the details here: https://shorturl.at/P0tik