Emissions Trading Worldwide: Status Report 2025

ICAP’s Emissions Trading Worldwide: Status Report 2025 provides a global overview of emissions trading systems, carbon pricing and carbon markets across jurisdictions. It tracks ETS coverage, allowance prices, auction revenues, carbon credit use, sector expansion and emerging systems, alongside detailed factsheets on established and developing emissions trading schemes worldwide.

International Carbon Action Partnership (ICAP)202521 Sept 2026

PublisherInternational Carbon Action Partnership (ICAP)

Year2025

RegionGlobal

FormatPDF, 16.1 MB

1views

Key Takeaways

38 emissions trading systems are in force globally, covering more than 12 GtCO₂e and 23% of global GHG emissions, across jurisdictions representing 58% of global GDP.
Emissions trading systems raised approximately USD 70 billion in 2024, bringing cumulative government revenues from carbon markets to almost USD 373 billion since 2007.
The share of global GHG emissions covered by emissions trading has grown from around 5% in 2005 to more than 23% in 2025, more than quadrupling over two decades.
24 of the 38 ETSs in force allow domestic carbon credits for compliance, while South Korea is currently the only system identified in the report as accepting international credits.
Carbon markets continue to expand across emerging economies, with ETS development progressing in countries including India, Brazil, Türkiye and Vietnam, while existing systems are broadening coverage into sectors such as maritime transport, buildings, road transport, steel, cement and aluminum.