In recent years several countries adopted Emission Trading Systems (ETS) or have plans to do so in the near future. The EU ETS, by setting an example as a frontrunner, played a major role in creating this significant momentum. Few facts are worth mentioning:

The world’s two biggest emitters (China and the US) have started to adopt regional ETSs; Different systems started to link with one another, therefore allowing emission

reductions to take place in the most cost-efficient way; ETSs are appearing in the political agenda in every continent.

According to the World Bank’s latest estimates about 40 national and over 20 sub-national jurisdictions are putting a price on carbon, and now cover almost 6 GtCO2-equivalent. 8 new carbon markets opened their doors in 2013, and more are coming in 2014 (World Bank’s State and Trends of Carbon Pricing, 2014)

Rapid uptake of Emission Trading

Systems globally

Tokyo, Saitame RGGI

CALIFORNIA

QUEBEC

Beijing

Tianjin

Shanghai

Chongqing

Hubei

Shenzhen Guangdong

Emission Trading Scheme in Progress

Existing Emission Trading Schemes

CDM Host Countries as of July 1, 2013 (UNEP Riso Centre, data from the CDMPipeline)

Countries with provincial-only Emission Trading Schemes

Linkages

New South W ales GGAS

EU ETS South Korea (2015)

Swiss ETS

ALBERTA

CarbonMarkets–globaltrendsCarbon markets – global trends

Increasing share of global emissions covered by an ETS

Emission Trading Systems in place

EU ETS California (US) Guangdong (CN)

Kazakhstan Beijing (CN) Chongqing (CN)

New Zealand Tianjin (CN) Tokyo (JP)

Switzerland Shanghai (CN) Quebec (CA)

Alberta (CA) Hubei (CN) RGGI (US)

South Korea Shenzhen (CN)

Emission Trading Systems under Consideration

Brazil Chile China

Japan Mexico Thailand

Turkey Ukraine Rio de Janeiro (BR)

Sao Paulo (BR) Washington (US)

Emission Trading Systems are

gaining momentum worldwide

World Bank’s State and Trend of Carbon Pricing, 2014