The State and Trends of Carbon Pricing Dashboard is an interactive online tool aimed at policymakers, businesses, and researchers. It provides the latest available information on existing and emerging direct carbon pricing initiatives – Emissions Trading Systems, Carbon Taxes and Carbon Crediting – around the world and includes data published in the World Bank's State and Trends of Carbon Pricing report.
The World Bank maintains the Dashboard, with support from organizations and governments that provide information and insights. The International Carbon Action Partnership (ICAP) supports the Dashboard with the latest data on Emissions Trading Systems (ETS). As a forum for governments ETSs, ICAP fosters experience-sharing and collaborative alignment of domestic carbon markets.
The Dashboard and the accompanying State and Trends of Carbon Pricing annual report series serve as cornerstones in various World Bank initiatives to promote well-designed carbon pricing systems worldwide. These include:
- Partnership for Market Implementation (PMI): the PMI assists countries in aligning carbon pricing instruments with development priorities. As a 10-year program targeting a capitalization of US$250 million, PMI offers a long-term vision for viable carbon markets and supports programs contributing to the Paris Agreement goals.
- Mitigation Action Assessment Protocol (MAAP): the MAAP provides a tool for evaluating the risks and performance of climate actions and policies. MAAP has four modules that focus on project or program-level assessments, specifically in relation to mitigation action design, capacity of the management entity, financial sustainability of the mitigation activity, and development benefits.
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The Carbon Pricing Dashboard includes data published in the World Bank's State and Trends of Carbon Pricing Report. This includes data on compliance instruments (ETSs and carbon taxes) and carbon crediting markets.
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Download Data in ExcelMethods and Sources
The State and Trends of Carbon Pricing Dashboard draws on a range of sources, including official reporting (i.e., government budget documents), related legislation that underpins the carbon pricing initiative, statements from governments and public authorities, and information provided by jurisdictions and other administering organizations. The World Bank seeks to validate data with carbon pricing administrators wherever feasible before publication. A comprehensive update of the data is completed in May of each year, coinciding with the release of the State and Trends of Carbon Pricing annual report. Updates in between the release of reports are made from time to time.
2021 greenhouse gas (GHG) emissions data is sourced from the EDGAR (Emissions Database for Global Atmospheric Research) Community GHG Database, version 7 (2022), where available, or the most recent emissions data from official sources to be consistent across jurisdictions. GHG emissions values for Canadian provinces and territories are taken from Canada's latest national inventory. GHG emissions values for U.S. states are based on official subnational GHG inventory reports from each of the respective states, available from the U.S. Environmental Protection Agency Greenhouse Gas Inventory Data Explorer. GHG emissions values for Mexican states are based on the World Bank's emissions data and on the official reports of each of the respective states, available on the Emission National Registry. GHG emission estimates for China's subnational jurisdictions are based on estimates included in the International Carbon Action Partnership's (ICAP) Status Report 2023. The EDGAR dataset provides aggregate data for certain countries, including France and Monaco, Serbia and Montenegro, Spain and Andorra, and Switzerland and Liechtenstein. In these cases, the GHG emissions estimate for each country were determined based on the relative emissions of each country in the most recent GHG emissions inventory reported to the United Nations Framework Convention on Climate Change.
The proportion of global GHG emissions covered by a direct carbon price is calculated based on direct carbon pricing instruments that are “implemented.” The estimate of emissions coverage for each carbon pricing instrument is based wherever possible on official government sources and considers the scope (sectors, fuels, and/or gases) of policies but does not necessarily factor in all exemptions and/or emissions thresholds or free allocations.
Prices
Carbon prices are nominal prices as at April 1 of the relevant year. These are generally based on the exchange-traded, auction or government-set prices of April 1, or the most recent prices available. Additional price information is further clarified here:
- As Mexico is transitioning its ETS from the pilot phase, with 100% free allocation, there is no price information currently available. Massachusetts ETS price data is equal to the auction clearing price for 2023 units from the auction held on March 15, 2023. California and Québec cap-and-trade price data are from the California Carbon Allowance Vintage 2023 Futures for April on March 31, 2023.Regional Greenhouse Gas Initiative (RGGI) price data are the weighted average of the allowance transfer transaction prices on March 31, 2023, for the January 1, 2021, to December 31, 2023, allowance control period. Reported prices are converted from USD/short ton carbon dioxide equivalent (CO2e) to USD/metric ton CO2e.
- United Kingdom (UK) ETS price data are from the UK Allowance Daily Futures Price on March 31, 2023.
- New Zealand ETS price is the spot price on March 31, 2023.
Revenue is for the period January 1 to December 31 in the relevant year. For jurisdictions with their fiscal year starting on April 1, the revenue between January 1 and December 31, calendar year revenue is estimated by the addition of one quarter of the revenue from the reporting year from April 1 of the previous year, to March 31 of the relevant year and three quarters of the subsequent year revenue estimate. Where recent years’ final revenue data is not available official revenue forecasts are used, or revenue is estimated based on revenue collected in the previous year and any price changes.
Price and revenue data are converted from national currency to US dollars using the International Monetary Fund exchange rates on April 1 of the relevant year or the latest date prior. Where these are not available official government publications are used, in particular US Treasury Rates of Exchange.
Carbon credit issuance, registration and retirement data are for the period January 1 to December 31 in each year for annual figures or from commencement of the initiative to 31 December of the stated year for cumulative values. Year-to-date information for the current year is provided where possible. Data are either sourced from publicly available carbon crediting mechanism registries or obtained directly from the organizations / jurisdictions that operate crediting mechanisms. Price data for government-administered crediting mechanisms is generally provided by the administering body.
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