This report develops a roadmap on the consideration of establishment and operation of an emissions trading scheme (ETS) for Turkey. It is the first in a series of analytical reports, prepared for the World Bank Partnership for Market Readiness (PMR).

Basic materials such as steel, cement or aluminium are important inputs to our economies. However their production is responsible for the dominant share of industrial emissions and 16% of European greenhouse gas emissions (GHGs).

The reform of the EU Emissions Trading System could hand more than €230 billion in subsidies to energy intensive industries, a new report from Corporate Europe Observatory shows.

2015 saw a historic double success for sustainability and climate policy. The 2030 Agenda for Sustainable Development, with its Sustainable Development Goals (SDGs), and the Paris Agreement on climate ­protection establish a system of ambitious policy goals for the world.

China risks wasting $490 billion on new coal plants that will be unneeded as structural changes to its economy, increased non-coal capacity targets, power sector reforms and carbon pricing slashes coal-fired generation, analysis by the Carbon Tracker Initiative.

About two-thirds of the national pledges made under the Paris Agreement refer to carbon pricing as one of the measures to reduce greenhouse gas (GHG) emissions. Carbon pricing internalises the costs of climate change, making it part of the economic decision-making process.

The 2016 edition of the annual EEA report, Trends and projections in Europe, provides an updated assessment of the progress of the EU and European countries towards their climate mitigation and energy targets. The report confirms that the European Union (EU) is well on track to meet its greenhouse gas (GHG) emission targets for 2020.

This guideline document is prepared to assist both industries and regulators in successful implementation of CEMS through self-regulation.

Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030, according to a new World Bank report released at an international carbon event in Vietnam.