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This document provides an overview and summary assessment of lessons and insights learned from various existing and proposed domestic cap and trade schemes.

For each scheme, a set of general characteristics (or issues) is considered.

The characteristics (or issues) covered include the following:

  • Coverage and scope
  • Setting a cap
  • Setting the points of obligation
  • Allocation of allowances
  • Systems for domestic monitoring, reporting and verification (MRV) and compliance
  • Enabling trading and fostering stability
  • Institutional arrangements, including technical and legal infrastructures
  • Use of offsets and linking

The domestic emissions trading schemes included in this assessment are the following:

  • European Union ETS (EU ETS)
  • New Zealand ETS (NZ ETS)
  • US northeast states Regional Greenhouse Gas Initiative (RGGI)
  • California ETS (CalETS)
  • Australia “Clean Energy Future” Carbon Pricing Mechanism (AusCPM)
  • Tokyo Cap and Trade Program (TokyoC&T)
FieldValue
Product Type
Knowledge & Learning
Focus Area
Low Carbon Development
Screening, Monitoring & Evaluation
Scope / Extension
Regional
National
Methodological Steps
Spatial / Geographical Coverage Location
All
Languages
EN
License
notspecified
Contact Email
pmrsecretariat@worldbank.org
Identifier
6340477d-4f02-4cfb-b58e-713bfede849d
e-Learning available
Facilitated Learning Avalable