.png "India Emerges as Major Carbon Market; Global Pricing Hits 29% – World Bank")
- Globally, carbon pricing now covers 29% of GHG emissions, with 87 active policies — 7 more than last year.
- Revenues from ETS and carbon taxes crossed $107 billion in 2025, while the average carbon price stood at $21/tCO₂e.
- The report highlights growing momentum in climate finance and emission reduction strategies worldwide.
- India emerged as one of the largest new carbon markets with its Carbon Credit Trading Scheme (CCTS) launched in 2026.
- The scheme spans 7sectors and ~490 industries, covering 477 million tCO₂e, making it among the biggest new systems globally.
- It focuses on emission‑intensity trading for hard‑to‑abate sectors, strengthening India’s role in global climate leadership and sustainable growth.
Question:
Q.1 According to the State and Trends of Carbon Pricing 2026 report, carbon pricing currently covers what percentage of global greenhouse gas (GHG) emissions?a) 29%
b) 24%
c) 19%
d) 35%
Answer: a) The report notes that carbon pricing instruments now cover 29% of global GHG emissions, indicating increasing adoption of climate mitigation policies worldwide.
