Climate | Technical Report
Emissions trading systems with different offsets provisions : implications for linking. report for the carbon market policy dialogue
17 January 2022
BY: GALDI Giulio, VERDE Stefano F., Simone Borghesi, FÜSSLER Jürg, JAMIESON Ted, SOINI Martin, WIMBERGER Emily, ZHOU Li
This report was prepared to inform the Carbon Market Policy Dialogue (CMPD) between the European Commission, as the regulator of the EU Emissions Trading System, and the regulatory authorities for the emissions trading systems (ETSs) of California, Quebec, China, New Zealand and Switzerland. The report deals with the implications of linking ETSs that differ from each other in the provisions on emission offsetting. The report provides a conceptual framework and summarizes the relevant scientific literature; it describes the current status of the six ETSs represented in the CMPD and, finally, it offers up a few ideas for discussion.
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