The share of emissions covered by emissions trading systems (ETS) varies widely by jurisdiction. As of April 2024, the EU ETS covered roughly 38 percent of the blocs greenhouse gas emissions. Meanwhile, the recently launched national ETS in China covered nearly 32 percent of the country's total emissions. This makes it the largest carbon market in the world in terms of emissions covered.
The sectors covered by ETS differ among jurisdictions. For example, the China ETS and RGGI currently cover CO₂ emissions from their respective power sectors, while the EU ETS covers emissions from the power sector, domestic aviation, and industrial activities, and as of 2024, has been extended to cover the maritime industry.
Estimated share of selected jurisdiction's greenhouse gas emissions covered by emissions trading systems (ETS) as of 2024
* Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort among the following states: Connecticut, Delaware,
Maine,
Maryland,
Massachusetts,
New Hampshire,
New Jersey,
New York,
Pennsylvania,
Rhode Island,
Vermont, and
Virginia.
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World Bank. (May 21, 2024). Estimated share of selected jurisdiction's greenhouse gas emissions covered by emissions trading systems (ETS) as of 2024 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1327131/ets-emissions-coverage-worldwide-by-country/
World Bank. "Estimated share of selected jurisdiction's greenhouse gas emissions covered by emissions trading systems (ETS) as of 2024." Chart. May 21, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1327131/ets-emissions-coverage-worldwide-by-country/
World Bank. (2024). Estimated share of selected jurisdiction's greenhouse gas emissions covered by emissions trading systems (ETS) as of 2024. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1327131/ets-emissions-coverage-worldwide-by-country/
World Bank. "Estimated Share of Selected Jurisdiction's Greenhouse Gas Emissions Covered by Emissions Trading Systems (Ets) as of 2024." Statista, Statista Inc., 21 May 2024, https://www.statista.com/statistics/1327131/ets-emissions-coverage-worldwide-by-country/
World Bank, Estimated share of selected jurisdiction's greenhouse gas emissions covered by emissions trading systems (ETS) as of 2024 Statista, https://www.statista.com/statistics/1327131/ets-emissions-coverage-worldwide-by-country/ (last visited December 21, 2024)
Estimated share of selected jurisdiction's greenhouse gas emissions covered by emissions trading systems (ETS) as of 2024 [Graph], World Bank, May 21, 2024. [Online]. Available: https://www.statista.com/statistics/1327131/ets-emissions-coverage-worldwide-by-country/
