Home Environment & Climate Interactive map of carbon trading schemes unveiled

Interactive map of carbon trading schemes unveiled

US: The International Carbon Action Partnership (ICAP) and Ecofys have launched an interactive map providing up-to-date information on the status and design of emissions trading schemes around the world. The Dutch Ministry of Infrastructure and the Environment has supported the project.

The recent Climate Change Conference in Doha reinforced the interest of governments and industries in Emissions Trading Schemes (ETS) as a cost-effective way to mitigate climate change. The unique Interactive ETS Map follows the pace of ETS developments around the world and will be updated on a continuous basis as new information becomes available.

Ecofys developed the structure and design of the Interactive ETS Map in close cooperation with ICAP and played an important role in collecting much of the underlying ETS-data. The map is now hosted on the ICAP website at www.icapcarbonaction.com. “ICAP’s aim is to contribute to the establishment of a well-functioning global cap and trade carbon market by providing participating jurisdictions the opportunity to share best practice and learn from each other”s experiences. A crucial element to pave the road to compatible domestic schemes is to facilitate knowledge sharing on the respective ETS designs,” said Leif Ervik, ICAP Co-Chair and Director General at Norway’s Finance Ministry. “The interactive map will not only be a useful resource to ICAP members and observers, but will also act as a central starting point for all stakeholders interested in gaining knowledge in ETS around the world,” he added.

The map currently covers 29 jurisdictions, including 8 with an ETS in force, 9 where implementation of an ETS is scheduled and 12 where an ETS is under consideration. It conveys succinct information on key ETS design elements. These include emissions caps and industry sectors covered as well as the number of entities participating in each scheme, the various phases and their allocation modalities. Users can also examine and compare the use of offsets and the measuring, reporting and verification (MRV) systems.

Source: Penn Energy