In this episode, host Daniel Raimi talks with William Acworth, Head of Secretariat at the International Carbon Action Partnership (ICAP). ICAP recently released its 2021 status report on global emissions trading, and we're highlighting the group's status report for the second year in a row. This time, Acworth gets us up to speed on China's recently launched national emissions trading scheme, along with programs from elsewhere in Asia, Europe, and the Americas. Acworth and Raimi discuss how markets have responded to the pandemic, where prices might be headed, and how markets are expanding to cover new sectors such as buildings and transportation.

References and recommendations:

"Emissions Trading Worldwide: Status Report 2021" from the International Carbon Action Partnership; https://icapcarbonaction.com/en/icap-status-report-2021

“Prices in the world’s biggest carbon market are soaring” from the Economist magazine; https://www.economist.com/finance-and-economics/2021/02/24/prices-in-the-worlds-biggest-carbon-market-are-soaring

"2020 China Carbon Pricing Survey" from China Carbon Forum; http://www.chinacarbon.info/sdm_downloads/2020-china-carbon-pricing-survey/

"Barbarian Days: A Surfing Life" by William Finnegan; https://www.pulitzer.org/winners/william-finnegan

"Under a White Sky" by Elizabeth Kolbert; https://www.penguinrandomhouse.com/books/617060/under-a-white-sky-by-elizabeth-kolbert/

"How to Avoid a Climate Disaster" by Bill Gates; https://www.penguinrandomhouse.com/books/633968/how-to-avoid-a-climate-disaster-by-bill-gates/