This document provides an overview and summary assessment of lessons and insights learned from various existing and presented domestic cap and trade schemes. For each scheme, a set of general characteristics (or issues) is considered. The characteristics (or issues) covered include the...

In support of the partnership for market readiness work on helping the emergence of credible, consistent, and compatible market-based infrastructure across countries, this report reviews the lessons learned from linking greenhouse gas emissions trading systems. Two emissions trading systems...

This report provides a survey of the key features associated with greenhouse gas (GHG) monitoring, reporting, and verification (MRV) systems that support the pilot emissions trading schemes (ETS) in China. The seven pilots are: Beijing, Chongqing, Guangdong, Hubei, Shanghai, Shenzhen, and...

This “checklist” is designed to support countries in the development and presentation of medium- and long-term emission pathways. The development of these pathways is crucial to allow countries to plan their international commitments in a manner consistent with future economic development,...

The issues around the environmental integrity of international market mechanisms have gained a great deal of attention in the wake of the Paris Agreement. In addition, with the agreement on market-based measures for international aviation being reached, these issues are likely to gain even more...

Carbon pricing instruments (CPIs) involve large legal and financial interests. Trust in the accuracy and integrity of the reported data is therefore a prerequisite for a well-functioning instrument. To ensure accuracy and integrity of data, a robust monitoring, reporting, and verification (MRV)...

Carbon pricing is an important instrument in addressing climate change. However, a well-functioning carbon pricing instrument needs a robust framework to quantify GHG emissions (including removals) underpinned by high quality data. This data can help policy makers set the level of a carbon tax...

The past year has seen a significant increase in global momentum for climate action. As of April 2017, one hundred thirty-seven Parties to the United Nations Framework Convention on Climate Change (UNFCCC) have already submitted their first nationally determined contributions (NDCs) as part of...

As the world moves on from the climate agreement negotiated in Paris, attention is turning from the identification of emissions reduction trajectories "in the form of Nationally Determined Contributions (NDCs)" to crucial questions about how these emissions reductions are to be delivered and...

Emissions trading continues to expand as a flexible policy response to climate change. Its implementation raises complex governance challenges, however, and calls for robust institutional, regulatory and procedural frameworks. Unlike aspects of technical design and implementation, the governance...