China is the largest operational emissions trading market in the world. The country's ETS launched in July 2021, and as of 2024 covered around ***** billion metric tons of carbon dioxide (GtCO₂). This accounted for just over 40 percent of China's annual CO₂ emissions that year. Meanwhile. the European Union ETS, which became the world's first ETS in 2005, covered around *** GtCO₂e as of 2026.
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International Carbon Action Partnership. (April 14, 2026). Emissions covered by selected emissions trading systems (ETS) worldwide as of 2026 (in million metric tons of carbon dioxide equivalent) [Graph]. In Statista. Retrieved September 09, 2026, from https://www-statista-com.libproxy.pcc.edu/statistics/1315109/largest-ets-markets-by-coverage/
International Carbon Action Partnership. "Emissions covered by selected emissions trading systems (ETS) worldwide as of 2026 (in million metric tons of carbon dioxide equivalent) ." Chart. April 14, 2026. Statista. Accessed September 09, 2026. https://www-statista-com.libproxy.pcc.edu/statistics/1315109/largest-ets-markets-by-coverage/
International Carbon Action Partnership. (2026). Emissions covered by selected emissions trading systems (ETS) worldwide as of 2026 (in million metric tons of carbon dioxide equivalent) . Statista. Statista Inc.. Accessed: September 09, 2026. https://www-statista-com.libproxy.pcc.edu/statistics/1315109/largest-ets-markets-by-coverage/
International Carbon Action Partnership. "Emissions Covered by Selected Emissions Trading Systems (Ets) Worldwide as of 2026 (in Million Metric Tons of Carbon Dioxide Equivalent) ." Statista, Statista Inc., 14 Apr 2026, https://www-statista-com.libproxy.pcc.edu/statistics/1315109/largest-ets-markets-by-coverage/
International Carbon Action Partnership, Emissions covered by selected emissions trading systems (ETS) worldwide as of 2026 (in million metric tons of carbon dioxide equivalent) Statista, https://www-statista-com.libproxy.pcc.edu/statistics/1315109/largest-ets-markets-by-coverage/ (last visited September 09, 2026)
Emissions covered by selected emissions trading systems (ETS) worldwide as of 2026 (in million metric tons of carbon dioxide equivalent) [Graph], International Carbon Action Partnership, April 14, 2026. [Online]. Available: https://www-statista-com.libproxy.pcc.edu/statistics/1315109/largest-ets-markets-by-coverage/