The world's carbon markets

A case study guide to emissions trading

EDF, Institute for Climate Economics, a research institute, and International Emissions Trading Association (IETA), a business association, created case studies of emissions trading systems around the world.

Policymakers, academics, journalists and others will find detailed information about the key design elements and unique features of 19 multi-national, national, regional and local emissions trading systems that are operating or being considered to address climate change.

Case studies

Case study contents

  • Analysis of unique program features
  • Challenges in development, implementation and operation
  • Cap/ target for emissions reductions
  • Scope and coverage of the programs
  • Auction format
  • Allowance distribution
  • Flexibility provisions
  • Volatility and cost containment mechanisms
  • Competitiveness and anti-leakage provisions
  • Market regulation and oversight
  • Complementary and supplementary measures
  • Economic projections
  • Results to date

EDF co-authors

Media contact

  • Jennifer Andreassen
    202-572-3387 (office)
    202-288-4867 (cell)
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