Largest carbon trading markets by scope 2024

Published by Ian Tiseo, May 8, 2024

China is the largest operational emissions trading market in the world. The country's ETS, which was introduced in July 2021, covers around five billion metric tons of carbon dioxide equivalent (GtCO₂e). As of 2024, the European Union ETS covered around 1.4 GtCO₂e.

Emissions covered by selected emissions trading systems (ETS) worldwide as of 2024 (in million metric tons of carbon dioxide equivalent)

CharacteristicCoverage in million metric tons
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Statistic: Emissions covered by selected emissions trading systems (ETS) worldwide as of 2024 (in million metric tons of carbon dioxide equivalent)

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Release date

April 2024

Region

Worldwide

Survey time period

2024

Special properties

Coverage based on emissions cap

Supplementary notes

*Approximate figure for 2021 and 2022. **Includes electricity and heat generation, industrial manufacturing, maritime transport, and aviation.

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