Under the Kyoto Protocol, compliance carbon markets (CCM) were primarily in the form of the Clean Development Mechanism (CDM) and Joint Implementation (JI). In 2015, the Paris Agreement introduced a new bottom-up approach to address climate change. Under the Paris Agreement, Parties set...

This note describes Carbon Monitor Cities 2.0, a new approach to near-real-time monitoring of city-level greenhouse gas emissions from various sectors without the need for local data collection. With support from the City Climate Finance Gap Fund, the World Bank piloted this approach for 11...

Under the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), the industrialized countries adopted quantified emission reductions obligations. Marking the 10th anniversary of the establishment of the World Bank Prototype Carbon Fund (PCF) the world's first...

Urbanization and climate change will define much of the 21st century. Urbanization leads to improvement in standards of living, and through the increased density and service delivery efficiency of cities, higher growth can be achieved with lower greenhouse gas emissions. Cities and urban...

As the international community seeks to address climate change, it is widely understood that there is an enormous financing gap for climate mitigation and adaptation. Trillions of dollars are needed annually by 2030 to fund the climate transition, while roughly only 300 billion dollars is...

This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments. Specifically,...

As Pakistan pursues its climate commitments, carbon pricing offers a market-based tool to align economic incentives with environmental goals. This note examines Pakistan's carbon emission profile, current emission levels, and their projected increases as the country transitions to a higher...

The Mapping Carbon Pricing Initiatives Report maps existing and emerging carbon pricing initiatives around the world. It does not provide a quantitative, transaction-based analysis of the international carbon market since current market conditions invalidate any attempt to undertake such an...

This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including national and subnational initiatives. Furthermore, it gives an overview of current corporate carbon pricing initiatives. Another key focus of the report is on the...