Benefits of Emissions Trading: Taking Stock of the Impacts of ETS Worldwide

First published in 2016, the 'Benefits of Emissions Trading: Taking Stock of the Impacts of ETS Worldwide' paper is intended to be an accessible resource that summarizes the main conceptual and theoretical arguments for ETS, supported by a consolidated body of empirical evidence. After two years, ICAP has now updated the paper with fresh evidence and up-to-date data that lends further weight to the arguments for ETS as a proven domestic climate policy instrument.