While global attention is focused on efforts to fight the coronavirus pandemic, climate change will remain a defining long-term challenge that requires policies to create sustainable economies.

The International Carbon Action Partnership’s new report finds 2017 marks a key step forward for emissions trading.

Emissions trading is now a well-established tool for reducing greenhouse gas (GHG) emissions in an effort to mitigate the impacts of global climate change. By the end of 2017, Emissions Trading Systems (ETSs) will regulate more than seven billion tons of CO2e, with 19 systems operating worldwide.

The International Carbon Action Partnership’s (ICAP) Status Report 2017, provides a testament to the evolution of emissions trading from textbook assumptions to the real world.

The International Carbon Action Partnership’s Status Report 2016 shows emissions trading is gaining ever more importance in the fight against climate change.

The share of global emissions covered by emissions trading is expected to rise by 70 percent from a 2005 basis, according to this report released by International Carbon Action Partnership (ICAP) with detailed factsheets on all existing and planned emissions trading systems.