World Bank (WB) reports global carbon pricing covers 29 per cent of emissions

Exam-focused facts from the 26 May 2026 current affairs briefing.

Key facts

The World Bank (WB) reports that global carbon pricing covers 29 per cent of greenhouse gas (GHG) emissions, with annual revenues from emissions trading systems (ETS) and carbon taxes exceeding $107 billion in 2025.
India launched the Carbon Credit Trading Scheme (CCTS) in 2026, covering seven sectors and approximately 490 industries with an estimated coverage of 477 million tCO2e.
The CCTS is an emission intensity-based trading system based on the existing Perform Achieve and Trade (PAT) energy efficiency programme.
The WB identifies the national ETS of China, the European Union (EU), and the Republic of Korea as the only systems covering larger absolute volumes of GHG emissions than India's.
India issued more than 375 million carbon credits between 2010 and 2025, as per a report by Rubix Data Sciences.