{"id":2119,"date":"2024-04-15T14:11:23","date_gmt":"2024-04-15T07:11:23","guid":{"rendered":"https:\/\/vncarbonmarket.com\/?p=2119"},"modified":"2024-04-15T14:11:23","modified_gmt":"2024-04-15T07:11:23","slug":"emissions-trading-worldwide-2024-icap-status-report","status":"publish","type":"post","link":"https:\/\/vncarbonmarket.com\/en\/emissions-trading-worldwide-2024-icap-status-report\/","title":{"rendered":"Emissions Trading Worldwide: 2024 ICAP Status Report"},"content":{"rendered":"<p><strong>New ICAP Status Report 2024 presents the latest developments in emissions trading systems worldwide<\/strong><\/p>\n<p><em><span lang=\"EN-US\" xml:lang=\"EN-US\">As the world witnessed the warmest year on record, governments are increasingly turning to emissions trading, finds the International Carbon Action Partnership\u2019s (ICAP\u2019s) Emissions Trading Worldwide 2024 Status Report.<\/span><\/em><\/p>\n<ul>\n<li><span lang=\"EN-US\" xml:lang=\"EN-US\">Jurisdictions making up 58% of global GDP are using an ETS<\/span><\/li>\n<li><span lang=\"EN-US\" xml:lang=\"EN-US\">36 systems are now in place, with a further 22 under development or consideration<\/span><\/li>\n<li><span lang=\"EN-US\" xml:lang=\"EN-US\">Emerging economies are increasingly turning to emissions trading, with design adaptations for local circumstances<\/span><\/li>\n<li><span lang=\"EN-US\" xml:lang=\"EN-US\">Global revenue from ETSs surpassed USD 74 billion in 2023, marking another record year<\/span><\/li>\n<\/ul>\n<p><span lang=\"EN-US\" xml:lang=\"EN-US\">Governments around the world are increasingly turning to emissions trading systems (ETSs) as part of their policy response to the climate crisis, with those in emerging economies in particular gaining momentum.\u00a0<\/span><\/p>\n<p><span lang=\"EN-US\" xml:lang=\"EN-US\">This year\u2019s ICAP Emissions Trading Worldwide Status Report finds a growing number of systems are under development or consideration, including in Argentina, Brazil, India, T\u00fcrkiye and Vietnam, among others. Developed economies such as Canada and the European Union are also looking to create new systems to expand carbon pricing to new sectors in a bid to drive down emissions.\u00a0<\/span><\/p>\n<p><span lang=\"EN-US\" xml:lang=\"EN-US\">This year\u2019s report also includes, for the first time, an overview of key trends around the world as well as factsheets on intensity-based emissions trading systems, to reflect the growing use of this approach.\u00a0<\/span><\/p>\n<p><span lang=\"EN-US\" xml:lang=\"EN-US\">The world\u2019s compliance emissions markets raised a record-breaking USD 74 billion in 2023, buoyed by higher prices in some systems \u2013 notably the EU and UK \u2013 as well as an increased use of auctioning to distribute allowances. These proceeds are often channeled into further initiatives to cut emissions, such as low-carbon technologies, research and development, or energy efficiency measures, while some jurisdictions also use them to support lower-income communities in reducing emissions.\u00a0<\/span><\/p>\n<p style=\"text-align: right;\"><em>Source: International Carbon Action Partnership<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New ICAP Status Report 2024 presents the latest developments in emissions trading systems worldwide As the world witnessed the warmest year on record, governments are increasingly turning to emissions trading, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,14],"tags":[],"class_list":["post-2119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications","category-reports"],"acf":[],"_links":{"self":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/posts\/2119"}],"collection":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/comments?post=2119"}],"version-history":[{"count":1,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/posts\/2119\/revisions"}],"predecessor-version":[{"id":2122,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/posts\/2119\/revisions\/2122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/media\/2121"}],"wp:attachment":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/media?parent=2119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/categories?post=2119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/tags?post=2119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}