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DateCategoryPapers & ReportsCover ImageDateCategoryPapers & Reports
Emissions Trading and Carbon Capture and Storage: Mapping possible interactions, technical considerations, and existing provisions
Teaser + metatagsThis 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.
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Offset Use Across Emissions Trading Systems
Teaser + metatagsAs 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
Teaser + metatagsBenchmarking 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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Carbon Leakage and Competitiveness: California’s Treatment of Imported Electricity and New Zealand’s Synthetic Greenhouse Gas Levy
Teaser + metatagsGiven factors such as constraints in free allocation policy for some ETS jurisdictions, other ways of addressing concerns about carbon leakage and competitiveness are likely to continue attracting interest, and these approaches may increasingly focus on cross-border trade. California and New Zealand offer practical experiences with such policies that may be instructive for other jurisdictions navigating border-related climate measures.
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Status and Trends of Compliance and voluntary carbon markets in Latin America
Teaser + metatagsAn overview of the steps that jurisdictions in Latin America have taken to plan, design and implement carbon pricing. Available in English, Spanish and Portuguese.
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Emissions Trading Systems and Net Zero: Trading Removals
Teaser + metatagsThis paper seeks to understand the challenges that net zero emission targets could present for the operation of emissions trading systems (ETSs) and develops a series of models for the possible interactions between ETSs and removal units from negative emissions technologies (NETs).
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Achieving Net Zero under a Cap-and-Trade System
Teaser + metatagsCurrent estimates suggest achieving net-zero emissions will require much higher carbon prices. What challenges could arise? A brief on the possible policy options to address them.
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Carbon Leakage and Deep Decarbonization Report
Teaser + metatagsA review of current efforts to address carbon leakage, assess the risk of carbon leakage, and policies to strengthen decarbonization efforts in light of ongoing leakage vulnerability and the push to achieve net-zero emissions.
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Simulating Carbon Markets: Technical Note
Teaser + metatagsA technical note on carbon market simulations as a means to allow stakeholders to participate in a fictitious process of designing or participating in an ETS.
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Market Stability Mechanisms in Emissions Trading Systems
Teaser + metatagsThis paper explores different market stability mechanisms (MSMs) used in ETSs around the world to balance policy predictability with the need for flexibility to respond to changing circumstances or unexpected shocks.
Publications
ICAP publishes a range of knowledge products on various ETS topics, including the flagship annual ICAP Status Report, short papers, and studies on selected ETS design or operation issues, as well as practical guidebooks and ETS briefs.