Featured Publications
Carbon Pricing in the Power Sector: Role and design for transitioning toward net-zero carbon development
This report delves deep into the power sector value chain dynamics, demonstrating how well-designed carbon pricing instruments can be instrumental in helping countries reach their decarbonization goals. Focusing on how decisions are made in diverse power sector models in several developing countries, this report establishes that the CPI must be carefully positioned at the right regulation point in the power sector’s value chain—rather than merely...
Emissions Trading Worldwide: 2024 ICAP Status Report
Check out the 2024 ICAP Status Report with the latest developments in emissions trading around the world.
The report includes:
🔹 State and outlook of emissions trading worldwide
🔹 Detailed factsheets on every system in operation, under development, and under consideration
🔹 Infographics that visualize the systems' characteristics
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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Now available in Chinese: Updated Handbook for Emissions Trading Design and Implementation
Teaser + metatagsNow available in Chinese: Updated Handbook for Emissions Trading Design and Implementation (2nd Edition).
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DateCategoryHandbooks and GuidesCover ImageDateCategoryHandbooks and Guides
ICAP & World Bank Paper: Governance of Emissions Trading Systems
Teaser + metatagsICAP and the World Bank jointly published a paper on the governance of emissions trading systems.
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DateCategoryHandbooks and GuidesCover ImageDateCategoryHandbooks and Guides
Emissions Trading in Practice: A Handbook on Design and Implementation (2nd Edition)
Teaser + metatagsThe updated Handbook has drawn from recent learnings gained over the last five years as jurisdictions around the world have gathered experience in designing, implementing and refining ETSs.
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DateCategoryHandbooks and GuidesCover ImageDateCategoryHandbooks and Guides
A Guide to Linking Emissions Trading Systems
Teaser + metatagsHow to best link emissions trading systems? This guide provides policymakers with a step-by-step for the whole process. Complete with practical experiences, how to avoid possible pitfalls, stakeholder perspectives, and much more.
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DateCategoryHandbooks and GuidesCover ImageDateCategoryHandbooks and Guides
Emissions Trading in Practice: A Handbook on Design and Implementation (1st Edition)
Teaser + metatagsThe Handbook synthesizes input from over 100 practitioners and experts from four continents, reflecting both the latest theoretical insights and best practices from existing ETS.