With US officials visiting Mexico today, I’m holding hope 2024 will see a dramatic expansion of carbon pricing, especially in North America.

The IMF was pushing for it (again) ahead of COP28.

India is preparing carbon pricing.

Other regions are making progress.

For instance the UK and Indonesia are collaborating to help Indonesia set a minimum carbon price and benefit from emissions capture:

en.tempo.co/read/1751828/indonesia-uk-signs-uk-pact-agreement-to-set-carbon-pricing

A key factor driving adoption of carbon pricing is the EU carbon border adjustment mechanism…(CBAM) … which requires countries wanting to sell to the EU to make polluters pay.

WTO: