TY - BOOK
T1 - Emissions Trading in Practice
T2 - A Handbook on Design and Implementation
AU - Partnership for Market Readiness
AU - International Carbon Action Partnership
A2 - Matthes, Felix
A2 - Mehling, Michael
A2 - Duan, Maosheng
N1 - This report was prepared by the Partnership for Market Readiness and the International Carbon Action Partnership. Individual editorial contributions are extensively detailed in the report. Please consult the report for full attribution.
PY - 2021/4/1
Y1 - 2021/4/1
N2 - Currently, about 46 national jurisdictions and 35 cities, states, and regions, representing almost a quarter of global greenhouse gas (GHG) emissions, are putting a price on carbon as a central component of their efforts to reduce emissions and place their growth trajectory on a more sustainable footing. An increasing number of these jurisdictions are approaching carbon pricing through the design and implementation of Emissions Trading Systems (ETS). As of 2021, ETSs were operating across four continents in 38 countries, 18 states or provinces, and six cities covering over 40 percent of global gross domestic product (GDP), and additional systems are under development. This handbook sets out a 10-step process for designing and implementing an ETS. These steps are interdependent, and the choices made at each step will have important repercussions for decisions in the other steps. In practice the process of ETS design will be iterative rather than linear. The need to adjust and adapt policies over time is reflected in the update of this handbook, which was first released in 2016. New insights, approaches, and designs have proliferated adjusting the way ETSs operate and further developing our understanding of them.
AB - Currently, about 46 national jurisdictions and 35 cities, states, and regions, representing almost a quarter of global greenhouse gas (GHG) emissions, are putting a price on carbon as a central component of their efforts to reduce emissions and place their growth trajectory on a more sustainable footing. An increasing number of these jurisdictions are approaching carbon pricing through the design and implementation of Emissions Trading Systems (ETS). As of 2021, ETSs were operating across four continents in 38 countries, 18 states or provinces, and six cities covering over 40 percent of global gross domestic product (GDP), and additional systems are under development. This handbook sets out a 10-step process for designing and implementing an ETS. These steps are interdependent, and the choices made at each step will have important repercussions for decisions in the other steps. In practice the process of ETS design will be iterative rather than linear. The need to adjust and adapt policies over time is reflected in the update of this handbook, which was first released in 2016. New insights, approaches, and designs have proliferated adjusting the way ETSs operate and further developing our understanding of them.
KW - emissions trading
KW - global greenhouse gas (GHG) emissions
KW - climate targets
KW - carbon pricing
KW - offsetting
UR - http://hdl.handle.net/10986/35413
M3 - Commissioned report
BT - Emissions Trading in Practice
CY - Washington, DC.
ER -