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Unit 42

Our World in Data - Data Insights

Beef production has been the largest driver of deforestation this century Haiti and the Dominican Republic share the last Caribbean island with endemic malaria Men are more likely to use tobacco than women almost everywhere in the world Around 5% of electricity in the United States is used for data centers — far more than the global average China only just missed the income cutoff to become a high-income country this year In these nine African countries, average incomes have more than doubled since 1990 Five countries had more women than men in parliament in 2025 Five countries had more women than men in parliament in 2025 More Indians live in the Gulf states than in the US, UK, and Canada combined Money spent on building data centers in the US has grown 5-fold since late 2022 How often are people infected with malaria? Drowning is a common cause of death among children — the world has made progress, but more can be done Meat preferences vary a lot across different countries Thailand’s population may have already peaked Four developed countries met the UN’s target for foreign aid in 2025 Guyana’s oil-driven economy has seen the world’s fastest growth in GDP per capita in recent years Rich countries spend 60 times as much on healthcare per person as poor countries Air conditioning is almost universal in the US and Japan — but not elsewhere Road deaths in the United States have fallen much more slowly than in other rich countries Morocco now gets almost a quarter of its electricity from renewables, but still relies heavily on coal Cereal yields have increased in all regions, but Africa lags behind Half of Nigeria’s population lives in cities In the past, most people worked in agriculture; in today’s rich countries, only a small share do Most of the world’s fastest-growing megacities will soon be in Africa Three-quarters of eggs produced in the United Kingdom are free-range Global population growth peaked six decades ago Rich countries have ten times as many doctors per person as poor ones Nearly half of young children in Guatemala suffer from stunting Fertility rates across many countries have converged, despite starting from very different levels Electric cars are taking off quickly in Latin America
30% of the world’s CO₂ emissions have a carbon price
Hannah Ritchie, Pablo Rosado · 2026-08-08 · via Our World in Data - Data Insights
Line chart of the share of world CO2 emissions covered by carbon pricing (carbon taxes and emissions trading) where coverage rises from near zero in 1989 to about 30% by 2025, with a large jump around 2020 when China introduced a trading system for its power sector. Data source: Dolphin and Merkle (2024, updated 2026). License: CC BY.

What we pay for something in a shop often doesn’t reflect its true cost. Producing goods causes damage through carbon emissions that drive climate change, but the receipts for that damage rarely show up in the price. The costs are often hidden and diffuse, but that doesn’t mean it isn’t real.

One way to make people pay the full cost is to introduce a carbon price. This can take the form of a carbon tax or a trading system, which caps emissions and lets companies buy and sell permits.

Many countries now do this. Around 30% of the world’s carbon dioxide (CO₂) emissions have a carbon price. In the chart, you can see that this has doubled in the last decade. The biggest part of this rise came from China’s introduction of a trading system in its electricity sector.

While more and more of the world’s production has a carbon price, most prices are incredibly low. In a recent article, we showed that most priced emissions were valued at $10 or lower. That’s well below most estimates of the “social cost of carbon”, which tend to be greater than $100 per tonne.

Simply having a carbon price is not enough. It also needs to be high enough to change what people buy and make low-carbon alternatives worth investing in.

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