Carbon Tax Worldwide

Written By Vincent Doedee

23% of all global GHG emissions were covered in 2023

The Global Pricing Dashboard made by the World Bank is one of the most complete overviews on regional, national and subnational carbon pricing initiatives worldwide. 23.17% of all global greenhouse gas emissions were covered in 2022 by an Emission Trading System (ETS) or carbon tax. Almost all industrialized nations have an ETS or carbon tax, with the notable exceptions of the United States and Russia. Only EU ETS aims to incorporate shipping emissions at the moment, others are expected to follow suit. The dashboard provides useful links and detailed information on the different initiatives. Click on the picture below to go to the dashboard.

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More on carbon tax

Rules Regulations
China ETS
China ETS

China’s national ETS – the world’s largest in terms of covered emissions – started operating in 2021. Shipping is not included, for the moment. Learn more about ETS here.

ETD
ETD

The ETD is the principal taxing scheme used for fossil and low-carbon fuels in EU. Fossil fuels will be taxed more, and renewable low-carbon fuels will receive incentives, including shore power.

US GHG Tax
US GHG Tax

It is proposed that carbon pollution from transportation will be taxed by the Environmental Protection Agency (EPA). Impact for shipping is unknown as no details are provided.

UK ETS
UK ETS

Learn all about the United Kingdom Monitoring, Reporting and Verification regulatory framework used to determine carbon tax for shipping industry.

EU ETS
EU ETS

EU ETS will serve as a carbon tax for the maritime industry. At current price level, it will increase fuel cost by at least €200 - €300 per mT fuel.

Vincent Doedee
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