Global carbon market increases by 56% in one year, says World Bank
The report, launched today, finds that there are currently 51 carbon pricing initiatives around the world, consisting of 25 emissions trading schemes and 26 carbon taxes.
The report, launched today, finds that there are currently 51 carbon pricing initiatives around the world, consisting of 25 emissions trading schemes and 26 carbon taxes.
More than half a million jobs around the world were created in the renewable energy sector in 2017, bringing the total number of people employed in the sector to more than 10 million for the first time
Nearly half of the world’s bus fleet will be electric by 2025, according to a new Bloomberg report. China will be a major player in this global trend.
The study, published in the journal Earth System Science Data, said global CO2 emissions from fossil fuels and industry were projected to grow by just 0.2 per cent this year. That would mean emissions have levelled off at about 36 billion metric tons in the past three years, even though the world economy has expanded, suggesting the historical bonds between economic gains and emissions growth may have been severed.
The new data is a welcome sign of progress in the battle against global warming but many challenges remain.
While the report shows that there have been increases in sending patterns to almost all regions of the world, the sharp rise over the past decade is in large part due to Asia which has witnessed an 87 per cent increase in remittances.
The Social Progress Index offers a rich framework for measuring the multiple dimensions of social progress, benchmarking success, and catalyzing greater human wellbeing.