Emissions Trading Worldwide: ICAP Status Report 2016’

With five new emissions trading systems (ETS) announced in 2015, it is clear that emissions trading is becoming a key policy instrument in the worldwide fight against climate change. This past year not only saw promising developments in China as the world’s largest greenhouse gas emitter committed to establishing the biggest carbon market by 2017, but also a renewed interest in emissions trading in North America sparked by Obama’s Clean Power Plan. Even as the new generation of ETS appears on the horizon, established systems are also evolving, with reviews underway to ensure they remain fit for purpose and continue to deliver emissions cuts.

On 23 February, the International Carbon Action Partnership (ICAP) officially released its ‘Emissions Trading Worldwide: ICAP Status Report 2016’ with in-depth articles from ETS practitioners and experts working across the globe, comprehensive factsheets on systems currently in operation and under consideration, as well as infographics highlighting broad trends in the world’s carbon markets. The report (including infographics that can be downloaded separately) is available at: https://icapcarbonaction.com/en/status-report-2016  

Image