India Among Largest New Carbon Markets in World Bank Report

The World Bank’s State and Trends of Carbon Pricing 2026 report identified India among the world’s largest new carbon markets.

The World Bank Group released the 13th edition of its State and Trends of Carbon Pricing 2026 report. The report identified India among the largest new carbon markets after the launch of its Carbon Credit Trading Scheme. It noted that global carbon pricing systems currently cover around 29% of greenhouse gas emissions. The report also stated that annual revenues from emissions trading systems and carbon taxes have tripled over the last decade.