Compare ETS

Use this function to compare the design elements and characteristics of up to three ETSs from around the world.

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Three chimneys and a mountain rise out of the clouds.
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Official name of scheme

USA - California Cap-and-Trade Program

ETS Status
in force
Jurisdictions
California
Start of operation (year)
2012
Sectoral coverage
Transport
Buildings
Industry
Power
Allocation
Free allocation: Benchmarking, Free allocation with consignment, Auctioning
Offsets and credits
Domestic
Cap
280.7 MtCO2e (2024)
GHGs covered
CO2, CH4, N2O, SF6, HFCs, PFCs, NF3, and other fluorinated GHGs.
Average auction price
USD 32.93
Total revenue since beginning
USD 26.97 billion
Total revenue
USD 4.72 billion

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information

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Official name of scheme

EU Emissions Trading System (EU ETS)

ETS Status
in force
Jurisdictions
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Start of operation (year)
2005
Sectoral coverage
Maritime
Domestic Aviation
Industry
Power
Allocation
Auctioning; Free Allocation (Benchmarking)
Offsets and credits
The use of offsets is not allowed
Cap
1,386 MtCO2e (2024, electricity and heat generation, industrial manufacturing and maritime transport), 28.9 MtCO2e (2024, aviation)
GHGs covered
CO2, HFCs, N2O, PFCs, SF6
Average auction price
EUR 83.24 (USD 90.00)
Average secondary market price
EUR 83.47 (USD 90.25)
Total revenue since beginning
EUR 184 billion (USD 206 billion)
Total revenue
EUR 43.6 billion (USD 47.1 billion)

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information