Traders of Environmental Progress
STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.
Traders of Environmental Progress
STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.
Transforming Climate Challenges into Business Progress
STRIVE is the advisory arm of STX Group, helping companies meet climate targets through high-impact strategies and cost-efficient decarbonization pathways.
Report
In 2024, carbon markets grew to cover over 24% of global emissions, with revenues exceeding $104 billion. Key trends include expanding carbon pricing to new sectors like aviation and waste, a shift in the voluntary market towards high-quality removal credits over reduction credits, and increased corporate interest in long-term offtake agreements for carbon removal projects to gain more control and certainty. However, despite progress, current pricing levels are still insufficient to meet the Paris Agreement goals.
The World Bank’s annual State and Trends of Carbon Pricing report is aimed at providing an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives. It focuses on identifying key developments relating to all forms of direct carbon pricing – emissions trading systems, carbon taxes, and carbon crediting mechanisms. This year’s report will be the twelfth (in its current format) – building on many decades of World Bank Group’s work in this space.
Key findings for 2025:
“Today’s proposal on the ETS review brings together three key goals: sustained truly ambitious climate action, much more competitiveness, and a huge boost for our .....
