As of April 2024, the European Union Emission Trading Scheme (EU ETS) carbon price was above 60 U.S. dollars per metric tons of carbon dioxide equivalent (USD/tCO₂e). The EU ETS launched in 2005 as a cost-effective way of reducing greenhouse gas emissions, and was the world's first major international carbon market. The UK was formerly part of the EU ETS, but replaced this with its own system after withdrawing from the EU. As of April 2024, the price of carbon on the UK ETS was 45 USD/tCO₂e.
Carbon trading prices covered by Emission Trading Systems (ETS) in selected jurisdictions worldwide as of April 2024
(in U.S. dollars per metric ton of CO₂ equivalent)
Prices are not necessarily comparable between carbon pricing initiatives because of differences in the sectors covered and allocation methods applied, specific exemptions, and different compensation methods. Some jurisdictions have multiple instruments in place. For example, Germany has an ETS but is also covered by the EU ETS.
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World Bank. (May 21, 2024). Carbon trading prices covered by Emission Trading Systems (ETS) in selected jurisdictions worldwide as of April 2024 (in U.S. dollars per metric ton of CO₂ equivalent) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1241719/carbon-trading-prices-worldwide-by-select-country/
World Bank. "Carbon trading prices covered by Emission Trading Systems (ETS) in selected jurisdictions worldwide as of April 2024 (in U.S. dollars per metric ton of CO₂ equivalent)." Chart. May 21, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1241719/carbon-trading-prices-worldwide-by-select-country/
World Bank. (2024). Carbon trading prices covered by Emission Trading Systems (ETS) in selected jurisdictions worldwide as of April 2024 (in U.S. dollars per metric ton of CO₂ equivalent). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1241719/carbon-trading-prices-worldwide-by-select-country/
World Bank. "Carbon Trading Prices Covered by Emission Trading Systems (Ets) in Selected Jurisdictions Worldwide as of April 2024 (in U.S. Dollars per Metric Ton of Co₂ Equivalent)." Statista, Statista Inc., 21 May 2024, https://www.statista.com/statistics/1241719/carbon-trading-prices-worldwide-by-select-country/
World Bank, Carbon trading prices covered by Emission Trading Systems (ETS) in selected jurisdictions worldwide as of April 2024 (in U.S. dollars per metric ton of CO₂ equivalent) Statista, https://www.statista.com/statistics/1241719/carbon-trading-prices-worldwide-by-select-country/ (last visited November 21, 2024)
Carbon trading prices covered by Emission Trading Systems (ETS) in selected jurisdictions worldwide as of April 2024 (in U.S. dollars per metric ton of CO₂ equivalent) [Graph], World Bank, May 21, 2024. [Online]. Available: https://www.statista.com/statistics/1241719/carbon-trading-prices-worldwide-by-select-country/
