Featured Publications

Applying Rules under Article 6 of the Paris Agreement to Linked Emissions Trading Systems
This paper explores how the Article 6.2 rules agreed at COP26 could be applied to an international link of two ETSs, including how to account for the changes in emissions, addressing the challenges in determining when changes in emissions occur within an ETS, and options to generate finance for adaptation and “net” mitigation from the link.

Emissions Trading Worldwide: 2023 ICAP Status Report
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

Emissions Trading and Carbon Capture and Storage: Mapping possible interactions, technical considerations, and existing provisions
This report explores how CCS is treated in different ETSs around the world; if and how ETSs could play a role in incentivizing the development and deployment of CCS applications; and the challenges and opportunities in developing the required regulation in this context.

Offset Use Across Emissions Trading Systems
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...

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

ICAP & World Bank Paper: Governance of Emissions Trading Systems
ICAP and the World Bank jointly published a paper on the governance of emissions trading systems.
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ICAP ETS Briefs
Teaser + metatagsICAP ETS Briefs are designed for businesses, media, students, and other stakeholders interested in climate change and emissions trading. On just two pages, the briefs help you get up to speed on how emissions trading works, its benefits, as well as a snapshot of systems currently operating worldwide.
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ICAP ETS Briefs Español
Teaser + metatagsLos resúmenes del ICAP sobre el RCDE están pensados para empresas, medios de comunicación, estudiantes y otras partes interesadas en el cambio climático y el comercio de emisiones. En sólo dos páginas, los resúmenes le ayudarán a ponerse al día sobre el funcionamiento del comercio de derechos de emisión, sus beneficios y una visión general de los sistemas que funcionan actualmente en todo el mundo.
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ICAP ETS Briefs Português
Teaser + metatagsOs ICAP ETS Briefs são concebidos para empresas, meios de comunicação, estudantes, e outros interessados nas alterações climáticas e no comércio de emissões. Em apenas duas páginas, os Briefs ajudam-no a manter-se a par de como funciona o comércio de emissões, dos seus benefícios, bem como um instantâneo dos sistemas actualmente em funcionamento em todo o mundo.