Featured Posts

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.

Emissions Trading Worldwide: 2022 ICAP Status Report
Check out the 2022 ICAP Status Report with the latest developments in emissions trading around the world.
The report includes:
- Insights from policymakers and carbon market experts
- Infographics
- Factsheets on each system in operation, under development and under consideration

Now available in Chinese: Updated Handbook for Emissions Trading Design and Implementation
Now available in Chinese: Updated Handbook for Emissions Trading Design and Implementation (2nd Edition).

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.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: 2023 ICAP Status Report
Teaser + metatagsCheck 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 -
DateCategoryReportCover ImageDateCategoryReport
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.
-
DateCategoryReportCover ImageDateCategoryReport
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 …
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: 2022 ICAP Status Report
Teaser + metatagsCheck out the 2022 ICAP Status Report with the latest developments in emissions trading around the world.
The report includes:
- Insights from policymakers and carbon market experts
- Infographics
- Factsheets on each system in operation, under development and under consideration -
DateCategoryPaperCover ImageDateCategoryPaper
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.
-
DateCategoryReportCover ImageDateCategoryReport
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.
-
DateCategoryETS BriefsCover ImageDateCategoryETS Briefs
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.
-
DateCategoryETS BriefsCover ImageDateCategoryETS Briefs
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.
-
DateCategoryPaperCover ImageDateCategoryPaper
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).
-
DateCategoryETS HandbookCover ImageDateCategoryETS Handbook
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.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2021
Teaser + metatagsThis report covers the worldwide developments in ETS over the year, with key figures, infographics, and detailed factsheets on all systems globally. In addition, a series of articles from policymakers and experts explore the theme of ETS resilience and the important role of carbon markets in achieving a net-zero compatible economic recovery.
The report includes:
- Insights from policymakers and carbon market experts
- Infographics
- Factsheets … -
DateCategoryReportCover ImageDateCategoryReport
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.
-
DateCategoryPaperCover ImageDateCategoryPaper
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.
-
DateCategoryTechnical NoteCover ImageDateCategoryTechnical Note
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.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2020
Teaser + metatagsThe ICAP Status Report 2020 presents developments in emissions trading around the world.
The report includes:
- Factsheets on each system in operation, under development and under consideration
- Infographics
- Insights from international emissions trading expert
-
DateCategoryPaperCover ImageDateCategoryPaper
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.
-
DateCategoryReportCover ImageDateCategoryReport
Striving to keep ETS Simple: Current practices to manage complexity in emissions trading
Teaser + metatagsThis report examines options for simplification in both the design phase and specific areas of operation, outlining approaches, experiences, and lessons from existing systems to date.
-
DateCategoryReportCover ImageDateCategoryReport
The Use of Auction Revenue from Emissions Trading Systems
Teaser + metatagsThis report examines how different emissions trading systems (ETSs) manage and distribute revenue generated from auctioning allowances. Directing revenue from auctions toward projects that generate tangible benefits is a key way to increase the political and social acceptability of an ETS.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2019
Teaser + metatagsCheck out the 2019 ICAP Status Report with the latest developments in emissions trading around the world.
The report includes:
- Insights from international emissions trading experts
- Infographics
- Factsheets on each system in operation and under consideration -
DateCategoryPaperCover ImageDateCategoryPaper
Accounting for the Linking of ETSs under Art 6.2 of the Paris Agreement
Teaser + metatagsThe paper looks at internationally linked emissions trading systems, examining four approaches to account for the flow of allowances across international borders under the Paris Agreement. The findings can inform the ongoing negotiations on the Paris Rulebook, as well as bilateral agreements between jurisdictions.
-
DateCategoryPaperCover ImageDateCategoryPaper
Benefits of ETS: Taking Stock of the Impacts of ETS Worldwide
Teaser + metatagsAn accessible resource that summarizes the main conceptual and theoretical arguments for ETS, supported by a consolidated body of up-to-date empirical evidence.
-
DateCategoryReportCover ImageDateCategoryReport
Emissions Trading and Electricity Sector Regulation
Teaser + metatagsIn theory, ETS offers a cost effective tool to achieve emission reduction targets, but in practice, electricity sector regulation interacts with emissions trading in ways that may prevent or change how participants respond to the allowance price. This report provides a conceptual framework to understand this interaction.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2018
Teaser + metatagsCheck out the 2018 ICAP Status Report with the latest developments in emissions trading around the world.
The report includes:
- Insights from international emissions trading experts
- Infographics
- Factsheets on each system in operation and under consideration -
DateCategoryPaperCover ImageDateCategoryPaper
Emissions Trading and the Role of a Long Run Carbon Price Signal
Teaser + metatagsHow can emissions trading provide a carbon price signal that incentivizes cost-effective emissions abatement over the long term? A framework to understand dynamic cost effectiveness under an ETS.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2017
Teaser + metatagsThe ICAP Status Report 2017 presents developments in emissions trading around the world.
The report includes:
- Factsheets on each system in operation and under consideration
- Infographics
- Insights from international emissions trading experts
-
DateCategoryETS HandbookCover ImageDateCategoryETS Handbook
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.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2016
Teaser + metatagsThe ICAP Status Report 2016 presents developments in emissions trading around the world.
The report includes:
- Factsheets on each system in operation and under consideration
- Infographics
- Insights from international emissions trading experts -
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2015
Teaser + metatagsCheck out all the latest trends and developments in emissions trading systems worldwide in ICAP's Status Report 2015.
Highlights include:
- Detailed factsheets on each system
- Infographics
- Articles from international emissions trading experts
-
DateCategoryPaperCover ImageDateCategoryPaper
Linking Emissions Trading Systems: A Summary of Current Research
Teaser + metatagsA summary of key insights from the literature with a focus on the technical dimensions of linking ETS.
-
DateCategoryICAP Status ReportCover ImageDateCategoryICAP Status Report
Emissions Trading Worldwide: ICAP Status Report 2014
Teaser + metatagsThe report presents insights about the status and working of emissions trading around the world in 2014.