International Carbon Action Partnership (ICAP)

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...

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...

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...