Why should developing countries implement carbon pricing (source OECD)

... analysis of 15* developing and emerging economies ... could generate revenue ... 1% of GDP if they set carbon rates on fossil fuels equivalent to EUR 30 per tonne of CO2. With tax-to-GDP ratios averaging 19% in the 15 countries ... 34% in the OECD ... increase tax revenues by around 5% ...

*Côte d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria and Uganda in Africa; the Philippines and Sri Lanka in Asia; and Costa Rica, Dominican Republic, Ecuador, Guatemala, Jamaica and Uruguay in Latin America and the Caribbean.

Read more https://oecd-development-matters.org/2021/02/17/why-should-developing-countries-implement-carbon-pricing-when-even-advanced-economies-fall-woefully-short/