What it is
The International Carbon Action Partnership (ICAP) tracks all operational emissions trading systems worldwide, providing detailed factsheets, status reports, and revenue data for 36+ jurisdictions. Its interactive ETS map and annual status report are the most comprehensive public resources for understanding how carbon pricing works across different markets, from the EU ETS to China's national market.
Why we picked this
75 carbon pricing instruments now cover 28% of global emissions, generating $104 billion in annual revenues. ICAP is the authoritative source for understanding this landscape. Whether you are comparing the EU ETS to California's cap-and-trade or analyzing China's national market rollout, ICAP's factsheets provide the regulatory detail and market data that investment decisions require.
Key takeaways
- Carbon pricing covered 28% of global GHG emissions by 2024, up from 5% a decade earlier, with revenues exceeding $104 billion annually.
- The EU ETS alone generated $47.4 billion in revenues in 2023, with prices around 68 EUR/tonne and annual cap reductions of 84-86 MtCO2e/year through 2030.
- ICAP's factsheets cover price corridors, free allocation rules, offset provisions, and market stability reserves for each jurisdiction.