Carbon Pricing Revenues Hit Record $104B in 2023, World Bank
As per a World Bank report countries with carbon pricing mechanisms generated a record $104 billion in revenues last year. Over half of the funds were directed towards climate and nature-related programs. Read more
UK Proposes Expanding Emissions Trading Scheme to New Sectors, Carbon Removals
The UK government’s Emissions Trading Scheme (ETS) Authority announced the launch of a new package of consultations, proposing expanding the ETS carbon pricing system to new sectors, including the energy from waste and waste incineration sectors, and on integrating greenhouse gas removals into the ETS. Read more
80% of Companies See Sustainability as a Potential Revenue, Profitability Driver: Morgan Stanley Survey
According to a new survey released by Morgan Stanley, the vast majority of companies view sustainability as a value creation opportunity, with more than three quarters anticipating potential benefits ranging from higher revenues and profitability to lower cost of capital, although many also expect increased sustainability-related costs and a need for significant investment. Read more
