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ICAP Emissions Trading Worldwide 2023 Status Report_cover
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ICAP Status Report

Emissions Trading Worldwide: 2023 ICAP Status Report

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Check out the 2023 ICAP Status Report with the latest developments in emissions trading around the world.

The report includes:

🔹 comprehensive snapshot of the latest ETS developments
🔹 up-to-date factsheets on all systems
🔹 infographics that visualize the systems' characteristics
🔹 in-depth articles from policymakers and carbon market experts

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ICAP offsets paper_cover
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Offset Use Across Emissions Trading Systems

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As market-based instruments, emissions trading systems are inherently flexible, as entities can decide to reduce their own emissions or buy emissions allowances from the market. Carbon offsets (or simply ‘offsets’) are a tool to further increase flexibility in reaching climate targets under ETSs, as they offer sectoral and geographical flexibility for jurisdictions to reduce greenhouse gas emissions outside of the scope of their ETS. This report...

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Benchmark-based allocation in emissions trading systems: Experiences to date and insights on design

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Benchmarking can protect against carbon leakage while setting incentives to reduce emissions, but their design entails complex trade-offs. This paper explores benchmark-based industrial allocation design and experiences, using insights from existing ETSs, and their implications for abatement and low-carbon investment incentives.

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