Emissions Trading Worldwide

Practitioner Insights
Designing Cap-and-Trade
In this section, ETS practitioners from around the world share the latest developments
in their systems and provide insights into the role that emissions trading
plays in their climate policy mix. Firstly, Maja-Alexandra Dittel, Johannes Enzmann,
and Dalwon Kim of the European Commission outline the latest preparations for
Phase Four of the EU ETS. The issue of complexity is then taken up by Harm van de
Wetering and Suzanne Beurskens of the Dutch Emissions Authority, who examine
the potential for improving the EU ETS through simplification measures. Shifting
to North America, William Space, Lois New and Justin Johnson discuss the role of
the Regional Greenhouse Gas Initiative as a potential compliance model for the
Clean Power Plan, while David Clegern and Mary Jane Coombs of the California Air
Resources Board review the first phase of California’s Cap-and-Trade Program and
discuss prospects for linking beyond Québec. The focus then moves to Asia, whereby
Qian Guoqiang and Chen Zhibin of SinoCarbon report on the latest updates in the
Chinese pilot schemes and progress towards China’s national ETS. Hyungsup Lee of
the Korean Ministry of Environment shares his insights into the implementation of the
Korean Emissions Trading Scheme. Finally, Masahiro Kimura of the Tokyo Metropolitan
Government reports on the innovative measures being introduced in the Tokyo Capand-Trade
Program.
international carbon action partnership
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