Emissions Trading in Practice, Second Edition : A Handbook on Design and Implementation
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 pla...
| Main Authors: | , |
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| Format: | Handbook |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/230501617685724056/Emissions-Trading-in-Practice-A-Handbook-on-Design-and-Implementation http://hdl.handle.net/10986/35413 |
| Summary: | 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. |
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