Growth of emissions trading continues as governments strengthen their response to climate change and pursue net-zero goals

International Carbon Action Partnership (ICAP) Emissions Trading Worldwide Status Report for 2020 shows increasing reach of emissions trading systems (ETSs), growing interest from governments across the world, and new policy developments, reads an ICAP release. With Mexico launching a mandatory emissions trading system (ETS) pilot, the number of systems in force worldwide grew to 21; these 21 jurisdictions account for 42% of global GDP, with systems that cover nearly one-tenth of global emissions. Another 24 governments are considering or actively develop...