Carbon Trading
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Carbon Trading and Allowances: 5 Global Trends in the ICAP 2026 ETS Report
The International Carbon Action Partnership (ICAP) released Emissions Trading Worldwide: Status Report 2026 on 14 April 2026. There are 41 operating emissions trading systems, covering 26% of global greenhouse gas emissions, while jurisdictions with an ETS account for 63% of global GDP. ETS revenues reached a record of nearly US$80 billion in 2025. Japan, India and Vietnam are launching national systems in 2026, and 14 G20 members now have an ETS. Drawing on the latest report, this article examines five trends: market expansion, prices and revenues, sector coverage, offsets and corporate responses.
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