STATUS REPORT 2026 EMISSIONSTRADINGWORLDWIDE INTERNATIONAL CARBON ACTION PARTNERSHIPSTATUS REPORT 2026 CITE AS: ICAP (2026).Emissions Trading Worldwide: Status Report 2026.Berlin: International Carbon Action Partnership. EDITORIAL TEAM: New Brunswick Department of Environment and Local Government, Christopher Kardish(New York State), Scott Gulliver (New Zealand), Jay Forlong (New Zealand), Departmentof Environment, Conservation and Climate Change, Government of Newfoundland andLabrador, William Brooke (Nova Scotia), Nicole Singh (Oregon), Oregon Department ofEnvironmental Quality, Pennsylvania Department of Environmental Protection, RommelM. Reyes (Philippines), Jonathan Beaulieu (Québec), Jean-Yves Benoit (Québec), Julie Côté(Québec), Steve Doucet-Héon (Québec), Vanessa Jaramillo Rivera (Québec), Olivier Lacroix(Québec), Kim Ricard (Québec), Mourad Ziani (Québec), Maureen Lee (Ecoeye, Republicof Korea), Ministry of Environment – Government of Saskatchewan, Thomas Kellerhals(Switzerland), Adrian Schilt (Switzerland), Krittaya Chunhaviriyakul (Thailand), Kao Sagara(Tokyo Metropolitan Government), Asako Suyama (Tokyo Metropolitan Government),Eyüp Kaan Moralı (Türkiye), Okan Uğurlu (Türkiye), Yuliia Romanenko (Ukraine), BogdanSemenenko (Ukraine), Rufina Acheampong (United Kingdom), Ishtar Ali (United Kingdom),Matthew Davies (United Kingdom), Felix Grey (United Kingdom), Alise Karcevska (UnitedKingdom), Charlie Lewis (United Kingdom), Hannah Lewis (United Kingdom), CarlyMcKenna (United Kingdom), Rosanna Pellarin (United Kingdom), Chris Ramsay-Collins(United Kingdom), Emily Worthing (United Kingdom), Damon Ying (United Kingdom),Lauren Ashbrook (Vermont), Erika Osorio (Vermont), Huy Luong Quang (Vietnam), MikeJohnson (Washington), Shannon Jones (Washington), Katie Murphy (Washington), DerekNixon (Washington), Sienna Simkins (Washington). Katja Biedenkopf, Hermia Chan, Zhibin Chen, Stefano De Clara, Baran Doda, AlexanderEden, Leon Heckmann, Iryna Holovko, Martina Kehrer, Trisha Kershaw, Stephanie La HozTheuer, Trevor Laroche-Theune, Andrés Olarte Peña, Victor Ortiz Rivera, Santiago RamírezNiembro, Anna Charlotte Wenzel. The ICAP Secretariat expresses its gratitude to policymakers from the ICAP membershipand further collaborators from the emissions trading field, who provided insightful writtencontributions and/or carefully reviewed the report: Government of Alberta – Ministry of Environment and Protected Areas, Department ofClimate Change, Energy, the Environment and Water of the Government of Australia, MichaelGrabner (Austria), José Pedro Bastos Neves (Brazil), Beatriz Soares (Brazil), Alana Clement(British Columbia), Scott Cutler (British Columbia), Kirk Hepburn (British Columbia),MelanieRobin(British Columbia),Maral Sotoudehnia(British Columbia),NatashaStaffeldt-Jost (British Columbia), Lewis Stallard (British Columbia), Erik Davies (California),Rachel Gold (California), Paulina Kolic (California), Amy Ng (California), Ryan Schauland(California), Mark Sippola (California), Hao Zhao (California), Environment and ClimateChange Canada, Ignacio Casielles Maturana (Chile), Maria Jose García Cabello (Chile),Juan Pedro Searle Solar (Chile), Isabella Villanueva García (Chile), Shannon Hill (Colorado),Megan McCarthy (Colorado), Cecilia White (Colorado), Luz Alcántara (Dominican Republic),Sara Gonzalez (Dominican Republic), Janibel Muñoz Torres (Dominican Republic), CharlotteGirard (European Commission), Miles Perry (European Commission), Francois Schmitt(European Commission), Ruben Vermeeren (European Commission), Andreas Zenthofer(European Commission), Daniel Detzer (Germany), Dirk Weinreich (Germany), SaurabhDiddi (India), Mandeep Kaur (India), Meenakshi (India), Anandini Mayang (Indonesia),Government of Japan – Ministry of the Environment and Ministry of Economy, Trade andIndustry, Adilet Naukenov (Kazakhstan), Daniyar Jamalov (Kazakhstan), Hafdzuan BinAdzmi (Malysia), Muhamad Ridzwan Bin Ali (Malaysia), Ahmad Farid Mohammed (Malaysia),Dr. Zainorfarah Binti Zainuddin (Malaysia), Chris Hoagland (Maryland), William Space(Massachusetts and RGGI), Ministry of Environment and Natural Resources - Governmentof Mexico (Secretaría de Medio Ambiente y Recursos Naturales), Neno Jablan (Montenegro), The ICAP Secretariat is grateful to the Federal Ministry for the Environment, Climate Action,Nature Conservation and Nuclear Safety, Germany, for funding this report. adelphi consultGmbH lends scientific and technical support to the ICAP Secretariat and coordinated thecompilation and production of the report. We wish to thank Katie Kouchakji (KKE Communications) for her careful editing andproofreading of the report, as well as for her communication advice. Special thanks to Maria del Pilar Salazar Vargas and Redmer Verwei for editorial assistance. The editorial cut-off date for this report was February 2026. Although the informationcontained in the report was assembled with the utmost care, updated and/or additionalinfo