CLAIMBOUND / SOURCE-PUBLICATION EVIDENCE
Carbon offsets
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1. World Bank State and Trends of Carbon Pricing 2024 · PDF page 10
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Credits with specific attributes—such as co benefits, corresponding adjustments, or recent vintages—traded at a premium, demonstrating the value these characteristics provide buyers.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
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PDF page 10- Captured
- 2026-09-05
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Credits with specific attributes—such as co benefits, corresponding adjustments, or recent vintages—traded at a premium, demonstrating the value these characteristics provide buyers.
2. World Bank State and Trends of Carbon Pricing 2024 · PDF page 13
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2023,16 and renewable generation including hydro electricity is expected to overtake coal as the world’s largest single source of electricity by early 2025.17 Notwithstanding these developments, it is clear that an implementation gap remains, which requires continued progress across the climate policy portfolio, including comprehensive carbon pricing.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
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PDF page 13- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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2023,16 and renewable generation including hydro electricity is expected to overtake coal as the world’s largest single source of electricity by early 2025.17 Notwithstanding these developments, it is clear that an implementation gap remains, which requires continued progress across the climate policy portfolio, including comprehensive carbon pricing.
3. World Bank State and Trends of Carbon Pricing 2024 · PDF page 16
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However, there are challenges with converting non-pricing policies, largely because they are not primarily aimed at internalizing the social cost of emissions and such conversions cannot easily account for the role these policies provide in addressing other market failures and barriers.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 16- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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However, there are challenges with converting non-pricing policies, largely because they are not primarily aimed at internalizing the social cost of emissions and such conversions cannot easily account for the role these policies provide in addressing other market failures and barriers.
4. World Bank State and Trends of Carbon Pricing 2024 · PDF page 16
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This includes, for example, support to ensure cost-effective mitigation technologies are accessible and investments to improve public infrastructure, which can improve the effectiveness and efficiency of carbon pricing.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 16- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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This includes, for example, support to ensure cost-effective mitigation technologies are accessible and investments to improve public infrastructure, which can improve the effectiveness and efficiency of carbon pricing.
5. World Bank State and Trends of Carbon Pricing 2024 · PDF page 16
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These more comprehensive metrics, as well as others, such as the IMF’s effective carbon price,21 provide a consistent overarching message: existing carbon price incentives, even if they include indirect carbon pricing, are insufficient to deliver the transformational changes needed to meet the Paris Agreement goals.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 16- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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These more comprehensive metrics, as well as others, such as the IMF’s effective carbon price,21 provide a consistent overarching message: existing carbon price incentives, even if they include indirect carbon pricing, are insufficient to deliver the transformational changes needed to meet the Paris Agreement goals.
6. World Bank State and Trends of Carbon Pricing 2024 · PDF page 16
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Net fuel taxes and net fuel subsidies are complementary components.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 16- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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Net fuel taxes and net fuel subsidies are complementary components.
7. World Bank State and Trends of Carbon Pricing 2024 · PDF page 18
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Carbon taxes and emissions trading systems While positive progress on carbon pricing continues on many levels, more is required to meet the goals of the Paris Agreement.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 18- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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Carbon taxes and emissions trading systems While positive progress on carbon pricing continues on many levels, more is required to meet the goals of the Paris Agreement.
8. World Bank State and Trends of Carbon Pricing 2024 · PDF page 18
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Middle-income countries and subnational governments are increasingly considering and implementing carbon taxes and ETSs.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 18- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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Middle-income countries and subnational governments are increasingly considering and implementing carbon taxes and ETSs.
9. World Bank State and Trends of Carbon Pricing 2024 · PDF page 18
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Despite this progress, the level of global emissions covered by carbon pricing is unlikely to reach 30% in the short term.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 18- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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Despite this progress, the level of global emissions covered by carbon pricing is unlikely to reach 30% in the short term.
10. World Bank State and Trends of Carbon Pricing 2024 · PDF page 20
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San Luis Potosí Plans to introduce its carbon tax have been delayed until June 2024.32 Colima Is considering introducing a carbon tax.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 20- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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San Luis Potosí Plans to introduce its carbon tax have been delayed until June 2024.32 Colima Is considering introducing a carbon tax.
11. World Bank State and Trends of Carbon Pricing 2024 · PDF page 21
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This includes, for example, where a mandate has been established, but regulated entities do not yet face compliance obligations.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 21- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
This includes, for example, where a mandate has been established, but regulated entities do not yet face compliance obligations.
12. World Bank State and Trends of Carbon Pricing 2024 · PDF page 21
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If a government has announced its intention to work toward the implementation of a carbon pricing instrument and official government sources formally confirm that intention, the instrument is “under consideration.” For those countries with multiple instruments that have both “under development” or “under consideration” and “implemented” instruments, the map will show the status of the latter.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 21- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
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If a government has announced its intention to work toward the implementation of a carbon pricing instrument and official government sources formally confirm that intention, the instrument is “under consideration.” For those countries with multiple instruments that have both “under development” or “under consideration” and “implemented” instruments, the map will show the status of the latter.
13. World Bank State and Trends of Carbon Pricing 2024 · PDF page 21
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The status of instruments in subnational jurisdictions is also reflected in the map.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 21- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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The status of instruments in subnational jurisdictions is also reflected in the map.
14. World Bank State and Trends of Carbon Pricing 2024 · PDF page 22
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While newly implemented and expanded carbon pricing instruments increase the share of global covered emissions, this effect can be reduced, or potentially reversed, as carbon pricing instruments deliver on their objective of reducing emissions.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 22- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
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While newly implemented and expanded carbon pricing instruments increase the share of global covered emissions, this effect can be reduced, or potentially reversed, as carbon pricing instruments deliver on their objective of reducing emissions.
15. World Bank State and Trends of Carbon Pricing 2024 · PDF page 22
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The EU ETS scope was expanded to include maritime transport in 2024, increasing coverage (and the ETS cap) by 78 MtCO2e.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 22- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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The EU ETS scope was expanded to include maritime transport in 2024, increasing coverage (and the ETS cap) by 78 MtCO2e.
16. World Bank State and Trends of Carbon Pricing 2024 · PDF page 22
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At the same time, to increase the level of ambition reflected in the EU ETS, the cap was reduced by almost 180 MtCO2e.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 22- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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At the same time, to increase the level of ambition reflected in the EU ETS, the cap was reduced by almost 180 MtCO2e.
17. World Bank State and Trends of Carbon Pricing 2024 · PDF page 22
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While both of these policy changes reflect an increase in ambition, they have opposite effects on the level of covered emissions.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 22- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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While both of these policy changes reflect an increase in ambition, they have opposite effects on the level of covered emissions.
18. World Bank State and Trends of Carbon Pricing 2024 · PDF page 23
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It does this by effectively applying a carbon price to emissions embedded in imports of covered goods.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 23- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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It does this by effectively applying a carbon price to emissions embedded in imports of covered goods.
19. World Bank State and Trends of Carbon Pricing 2024 · PDF page 24
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It uses a baseline-and-offset approach that requires airlines to buy carbon credits to offset emissions above their baseline.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 24- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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It uses a baseline-and-offset approach that requires airlines to buy carbon credits to offset emissions above their baseline.
20. World Bank State and Trends of Carbon Pricing 2024 · PDF page 24
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CORSIA has three implementation phases, with evolving participation requirements and criteria for units eligible for compliance.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 24- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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CORSIA has three implementation phases, with evolving participation requirements and criteria for units eligible for compliance.
21. World Bank State and Trends of Carbon Pricing 2024 · PDF page 24
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Additional information on the methodology and sources is provided in Annex B.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 24- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t03_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Additional information on the methodology and sources is provided in Annex B.
22. World Bank State and Trends of Carbon Pricing 2024 · PDF page 27
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However, they are not presented in the graph due to insufficient data availability.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 27- Captured
- 2026-09-05
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6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
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However, they are not presented in the graph due to insufficient data availability.
23. World Bank State and Trends of Carbon Pricing 2024 · PDF page 28
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Some carbon tax regimes also include small rebates and exemptions.
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Some carbon tax regimes also include small rebates and exemptions.
24. World Bank State and Trends of Carbon Pricing 2024 · PDF page 29
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The largest contribution of carbon pricing to a national budget was seen in Germany, where the national ETS and the EU ETS together made up around 4% of government revenue in 2023.50 This suggests that there is an opportunity for reforms to help achieve fiscal, economic, social, and environmental goals.
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The largest contribution of carbon pricing to a national budget was seen in Germany, where the national ETS and the EU ETS together made up around 4% of government revenue in 2023.50 This suggests that there is an opportunity for reforms to help achieve fiscal, economic, social, and environmental goals.
25. World Bank State and Trends of Carbon Pricing 2024 · PDF page 30
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Households and businesses that may be disproportionately affected by carbon pricing receive 10% of global carbon revenue in redistributions.
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Households and businesses that may be disproportionately affected by carbon pricing receive 10% of global carbon revenue in redistributions.
26. World Bank State and Trends of Carbon Pricing 2024 · PDF page 31
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Hungary’s carbon tax, introduced in 2023, applies to EU ETS participants that receive a majority of allowances for free.
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Hungary’s carbon tax, introduced in 2023, applies to EU ETS participants that receive a majority of allowances for free.
27. World Bank State and Trends of Carbon Pricing 2024 · PDF page 32
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The ETS in the Republic of Korea and the Shanghai Pilot Emissions Trading System have been covering emissions from maritime transport since 2021 and 2016, respectively.
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The ETS in the Republic of Korea and the Shanghai Pilot Emissions Trading System have been covering emissions from maritime transport since 2021 and 2016, respectively.
28. World Bank State and Trends of Carbon Pricing 2024 · PDF page 32
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The EU ETS has started phasing in surrender obligations for CO2 emissions from all large ships (≥ 5,000 gross tonnage) entering EU ports.
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The EU ETS has started phasing in surrender obligations for CO2 emissions from all large ships (≥ 5,000 gross tonnage) entering EU ports.
29. World Bank State and Trends of Carbon Pricing 2024 · PDF page 32
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The UK ETS will cover emissions from domestic maritime transport in 2026.
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The UK ETS will cover emissions from domestic maritime transport in 2026.
30. World Bank State and Trends of Carbon Pricing 2024 · PDF page 35
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While concerns about credit quality and integrity of claims persisted, there was widespread progress on initiatives to promote confidence and build trust.
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While concerns about credit quality and integrity of claims persisted, there was widespread progress on initiatives to promote confidence and build trust.
31. World Bank State and Trends of Carbon Pricing 2024 · PDF page 35
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However, the impact of these initiatives will take time to be realized.
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However, the impact of these initiatives will take time to be realized.
32. World Bank State and Trends of Carbon Pricing 2024 · PDF page 37
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This includes, for example, where a mandate has been established but no credits have been issued.
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This includes, for example, where a mandate has been established but no credits have been issued.
33. World Bank State and Trends of Carbon Pricing 2024 · PDF page 37
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If a government has announced its intention to work toward the implementation of a crediting mechanism and official government sources formally confirm that intention, the instrument is “under consideration.” For those countries with multiple crediting mechanisms that have both “under development” or “under consideration” and “implemented” crediting mechanisms, the map will show the status of the latter.
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If a government has announced its intention to work toward the implementation of a crediting mechanism and official government sources formally confirm that intention, the instrument is “under consideration.” For those countries with multiple crediting mechanisms that have both “under development” or “under consideration” and “implemented” crediting mechanisms, the map will show the status of the latter.
34. World Bank State and Trends of Carbon Pricing 2024 · PDF page 39
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Results-based finance can also refer to broader payments in return for the achievement of emission reductions or removals, without any transfer of credits or other ownership.
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Results-based finance can also refer to broader payments in return for the achievement of emission reductions or removals, without any transfer of credits or other ownership.
35. World Bank State and Trends of Carbon Pricing 2024 · PDF page 40
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New renewable energy projects face challenges to demonstrate financial additionality requirements and many large-scale renewable projects are reaching the end of their crediting periods.
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New renewable energy projects face challenges to demonstrate financial additionality requirements and many large-scale renewable projects are reaching the end of their crediting periods.
36. World Bank State and Trends of Carbon Pricing 2024 · PDF page 40
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Household devices now account ii Reducing Emissions from Deforestation and Forest Degradation projects, REDD+ encompasses reducing emissions from deforestation and forest degradation in developing countries and includes forest conservation, sustainable management of forests, and enhancement of forest carbon stocks.
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Household devices now account ii Reducing Emissions from Deforestation and Forest Degradation projects, REDD+ encompasses reducing emissions from deforestation and forest degradation in developing countries and includes forest conservation, sustainable management of forests, and enhancement of forest carbon stocks.
37. World Bank State and Trends of Carbon Pricing 2024 · PDF page 41
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2028, 126 million of which may be available to carbon markets as decided by each country.
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2028, 126 million of which may be available to carbon markets as decided by each country.
38. World Bank State and Trends of Carbon Pricing 2024 · PDF page 41
Narrow public claim
The State and Trends of Carbon Pricing: International Carbon Markets 2023 report provides further information on these initiatives.
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The State and Trends of Carbon Pricing: International Carbon Markets 2023 report provides further information on these initiatives.
39. World Bank State and Trends of Carbon Pricing 2024 · PDF page 41
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All issuance and retirements data here refers to original issuances, which only include the fi rst time a credit has been issued for a specifi c emission reduction/removal activity to avoid double counting.
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All issuance and retirements data here refers to original issuances, which only include the fi rst time a credit has been issued for a specifi c emission reduction/removal activity to avoid double counting.
40. World Bank State and Trends of Carbon Pricing 2024 · PDF page 42
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While project registrations do not necessarily predict future supply (because the scale of issuances from registered projects differs by sector, category, and region), it is a good indicator of activity and interest and can help provide an indication of the changing appetite for certain project types.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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While project registrations do not necessarily predict future supply (because the scale of issuances from registered projects differs by sector, category, and region), it is a good indicator of activity and interest and can help provide an indication of the changing appetite for certain project types.
41. World Bank State and Trends of Carbon Pricing 2024 · PDF page 46
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For Colombia, the number of voluntary retirements was established in proportion with the compliance-voluntary ratio from Cercabono.
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For Colombia, the number of voluntary retirements was established in proportion with the compliance-voluntary ratio from Cercabono.
42. World Bank State and Trends of Carbon Pricing 2024 · PDF page 46
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Québec CaT, 2023 compliance retirements may not refl ect full compliance demand due to triennial compliance cycles.
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Québec CaT, 2023 compliance retirements may not refl ect full compliance demand due to triennial compliance cycles.
43. World Bank State and Trends of Carbon Pricing 2024 · PDF page 46
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The overall share of retirements for compliance purposes could be higher, as, for example, the volume of credits retired under China’s GHG voluntary emission reduction program for the Chinese Pilots in 2023 is not available.
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The overall share of retirements for compliance purposes could be higher, as, for example, the volume of credits retired under China’s GHG voluntary emission reduction program for the Chinese Pilots in 2023 is not available.
44. World Bank State and Trends of Carbon Pricing 2024 · PDF page 47
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During the pilot phase (2021-2023), participation by countries was voluntary and covered airlines were allowed to use carbon credits dating back to 2016.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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- World Bank State and Trends of Carbon Pricing 2024
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During the pilot phase (2021-2023), participation by countries was voluntary and covered airlines were allowed to use carbon credits dating back to 2016.
45. World Bank State and Trends of Carbon Pricing 2024 · PDF page 48
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This suggests buyers of credits are willing to pay a premium via OTC transactions to acquire credits with attributes that serve a specific purchasing strategy.
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This suggests buyers of credits are willing to pay a premium via OTC transactions to acquire credits with attributes that serve a specific purchasing strategy.
46. World Bank State and Trends of Carbon Pricing 2024 · PDF page 49
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Exchange-traded prices are based on monthly and yearly averages of the price assessments provided by Platts, S&P Global Commodity Insights, 2024.
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- World Bank State and Trends of Carbon Pricing 2024
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PDF page 49- Captured
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Exchange-traded prices are based on monthly and yearly averages of the price assessments provided by Platts, S&P Global Commodity Insights, 2024.
47. World Bank State and Trends of Carbon Pricing 2024 · PDF page 49
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For each of its price assessments Platts has identified a reference base to represent fungible credits across each market segment, considering certification, vintage, volume, and the Sustainable Development Goals.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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- World Bank State and Trends of Carbon Pricing 2024
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PDF page 49- Captured
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For each of its price assessments Platts has identified a reference base to represent fungible credits across each market segment, considering certification, vintage, volume, and the Sustainable Development Goals.
48. World Bank State and Trends of Carbon Pricing 2024 · PDF page 49
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OTC prices were provided by Ecosystem Marketplace and updated as of February 29.
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- World Bank State and Trends of Carbon Pricing 2024
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PDF page 49- Captured
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OTC prices were provided by Ecosystem Marketplace and updated as of February 29.
49. World Bank State and Trends of Carbon Pricing 2024 · PDF page 49
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Discrepancies may exist in project categorizations between the exchange-traded and OTC data due to different source methodologies.
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- World Bank State and Trends of Carbon Pricing 2024
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PDF page 49- Captured
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Discrepancies may exist in project categorizations between the exchange-traded and OTC data due to different source methodologies.
50. World Bank State and Trends of Carbon Pricing 2024 · PDF page 53
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The emission reductions achieved are certified as carbon credits through independent crediting mechanisms, and they are monetized through an emissions reduction purchase agreement.
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The emission reductions achieved are certified as carbon credits through independent crediting mechanisms, and they are monetized through an emissions reduction purchase agreement.
51. World Bank State and Trends of Carbon Pricing 2024 · PDF page 54
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These outcome bonds can provide investors with a guaranteed return of principal and a guaranteed minimum return, plus a variable return linked to carbon credit revenue from a specific development project(s).
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 54- Captured
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These outcome bonds can provide investors with a guaranteed return of principal and a guaranteed minimum return, plus a variable return linked to carbon credit revenue from a specific development project(s).
52. World Bank State and Trends of Carbon Pricing 2024 · PDF page 54
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Investors give up a portion of the coupons they would ordinarily earn on a conventional IBRD bond, and agree for those foregone coupons to be directed to provide up-front financing to a specific project(s).
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 54- Captured
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Investors give up a portion of the coupons they would ordinarily earn on a conventional IBRD bond, and agree for those foregone coupons to be directed to provide up-front financing to a specific project(s).
53. World Bank State and Trends of Carbon Pricing 2024 · PDF page 54
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Depending on the performance of the project(s) investors overall return will be higher or lower than a conventional IBRD bond.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 54- Captured
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Depending on the performance of the project(s) investors overall return will be higher or lower than a conventional IBRD bond.
54. World Bank State and Trends of Carbon Pricing 2024 · PDF page 55
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Moreover, delegates at COP28 could not agree on fundamental issues, such as the definition of a cooperative approach, nor on rules and processes to revoke ITMO authorizations.
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PDF page 55- Captured
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Moreover, delegates at COP28 could not agree on fundamental issues, such as the definition of a cooperative approach, nor on rules and processes to revoke ITMO authorizations.
55. World Bank State and Trends of Carbon Pricing 2024 · PDF page 55
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While the lack of further guidance on Article 6.2 does not hinder countries from engaging in Article 6.2 approaches such as issuing Letters of Authorization (LoAs) to projects under independent crediting mechanisms, it presents challenges leading to uncertainty, which can complicate and delay efforts to build host country capacities and stimulate investments.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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- World Bank State and Trends of Carbon Pricing 2024
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PDF page 55- Captured
- 2026-09-05
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While the lack of further guidance on Article 6.2 does not hinder countries from engaging in Article 6.2 approaches such as issuing Letters of Authorization (LoAs) to projects under independent crediting mechanisms, it presents challenges leading to uncertainty, which can complicate and delay efforts to build host country capacities and stimulate investments.
56. World Bank State and Trends of Carbon Pricing 2024 · PDF page 57
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There is further potential on the horizon in Brazil, India, and Türkiye, where carbon pricing policies are under development.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 57- Captured
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There is further potential on the horizon in Brazil, India, and Türkiye, where carbon pricing policies are under development.
57. World Bank State and Trends of Carbon Pricing 2024 · PDF page 57
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Diversity in policy design across planned and implemented carbon pricing instruments also shows that carbon pricing as a policy response can be tailored to countries’ specific circumstances.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 57- Captured
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Diversity in policy design across planned and implemented carbon pricing instruments also shows that carbon pricing as a policy response can be tailored to countries’ specific circumstances.
58. World Bank State and Trends of Carbon Pricing 2024 · PDF page 58
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The impact of these efforts to rebuild market integrity and credibility are likely to begin to be realized during 2024.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 58- Captured
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The impact of these efforts to rebuild market integrity and credibility are likely to begin to be realized during 2024.
59. World Bank State and Trends of Carbon Pricing 2024 · PDF page 59
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This highlights that countries are willing to actively participate in cooperative approaches even in the face of uncertainty.
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PDF page 59- Captured
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This highlights that countries are willing to actively participate in cooperative approaches even in the face of uncertainty.
60. World Bank State and Trends of Carbon Pricing 2024 · PDF page 60
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As a result, the distinction between direct and indirect carbon prices is less stark in practice, and carbon pricing policies sit on a spectrum from direct to indirect.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 60- Captured
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As a result, the distinction between direct and indirect carbon prices is less stark in practice, and carbon pricing policies sit on a spectrum from direct to indirect.
61. World Bank State and Trends of Carbon Pricing 2024 · PDF page 61
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Entities must surrender emission units (or “allowances”) to cover their emissions within a compliance period.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 61- Captured
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Entities must surrender emission units (or “allowances”) to cover their emissions within a compliance period.
62. World Bank State and Trends of Carbon Pricing 2024 · PDF page 61
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There are several different types of ETSs, including “cap-and-trade” and “rate-based” approaches, and different terms are used for the emission units within different systems.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 61- Captured
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There are several different types of ETSs, including “cap-and-trade” and “rate-based” approaches, and different terms are used for the emission units within different systems.
63. World Bank State and Trends of Carbon Pricing 2024 · PDF page 61
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The carbon price in these systems is usually a function of supply and demand for emission units.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 61- Captured
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The carbon price in these systems is usually a function of supply and demand for emission units.
64. World Bank State and Trends of Carbon Pricing 2024 · PDF page 61
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Carbon credits are issued to activities that reduce emissions, according to protocols that aim to ensure each credit represents a genuine emission reduction.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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PDF page 61- Captured
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Carbon credits are issued to activities that reduce emissions, according to protocols that aim to ensure each credit represents a genuine emission reduction.
65. World Bank State and Trends of Carbon Pricing 2024 · PDF page 63
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The compliance obligation is imposed at a point in the supply chain before the point source of emissions entering the atmosphere.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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The compliance obligation is imposed at a point in the supply chain before the point source of emissions entering the atmosphere.
66. World Bank State and Trends of Carbon Pricing 2024 · PDF page 64
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The basket of credits for OTC prices includes community devices projects, which may not be included in the projects incorporated within Platts’s definition for the assessment of household devices.
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The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
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It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 64- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The basket of credits for OTC prices includes community devices projects, which may not be included in the projects incorporated within Platts’s definition for the assessment of household devices.
67. World Bank State and Trends of Carbon Pricing 2024 · PDF page 64
Narrow public claim
The basket of credits for exchange-traded prices includes agriculture projects which are not included in the projects incorporated within Ecosystem Marketplace’s OTC definition for forestry and land use.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 64- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The basket of credits for exchange-traded prices includes agriculture projects which are not included in the projects incorporated within Ecosystem Marketplace’s OTC definition for forestry and land use.
68. World Bank State and Trends of Carbon Pricing 2024 · PDF page 64
Narrow public claim
Original issuances refer to issuances of credits that reflect the first time a credit has been issued for a specific emission reduction/removal activity.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 64- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Original issuances refer to issuances of credits that reflect the first time a credit has been issued for a specific emission reduction/removal activity.
69. World Bank State and Trends of Carbon Pricing 2024 · PDF page 64
Narrow public claim
Non-original issuances refer to issuances of credits that are connected to previous issuances from another crediting mechanism.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 64- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Non-original issuances refer to issuances of credits that are connected to previous issuances from another crediting mechanism.
70. World Bank State and Trends of Carbon Pricing 2024 · PDF page 66
Narrow public claim
The analysis excludes emissions from any proposed instruments that would cover a sector that is already covered by an existing carbon pricing instrument.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-09-05, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- World Bank State and Trends of Carbon Pricing 2024
- Section locator
PDF page 66- Captured
- 2026-09-05
- Source SHA-256
6c3305e60b3e3f3db632e616ff9df5a46590ef4a8ce6cce381ff53a637c278c6- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom052_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The analysis excludes emissions from any proposed instruments that would cover a sector that is already covered by an existing carbon pricing instrument.