A ten-state compact (as of July 2020) among mostly Northeastern states to cap carbon emissions from the power sector and use permit auction proceeds to spur clean energy development.
California and Quebec linked their cap and trade systems under the Western Climate Initiative in 2014.
Established in April 2011 as part of the Saitama Prefecture Global Warming Strategy Promotion Ordinance. Large buildings and factories in Saitama are required to reduce emissions by 15% or 13% in its second compliance period (FY2015-2019).
Launched in 2010 as Japan’s first mandatory ETS. Under the ETS, large offices and factories are required to reduce emissions by 15% or 17% in its second period (FY2015-FY2019). The target in the third period (FY2020-2024) is expected to be 25% or 27%
Originally designed to cover the whole economy, it has the broadest sectoral coverage of any ETS, including forestry as a source of both emissions and units.
Launched in 2015, and in 2018 Phase II started alongside a revision of Korea’s 2030 GHG reduction roadmap. The KETS covers more than 70% of the country’s emissions.
Applies to more than 11,000 emitters in 28 EU countries responsible for about 2 gigatons of CO2-eq emissions.
Tax beginning at $10 CAD per ton of CO2e emissions, and ramping up to its current rate of $30 CAD, applying to 20 classes of fossil fuels and other specified combustibles
A coordinated nation-wide carbon price for all provinces without their own carbon pricing mechanism, beginning at $20 per ton of CO2e in 2019 and rising to $50 per ton.
Surveys design and modeling principles, potential externalities, oversight and compliance considerations, and case studies.