Emissions Trading Systems Around the World and the Role of Satellite Data

Abstract:

Cap-and-trade programs, also known as emissions trading systems (ETS), are a key market instrument to reduce greenhouse gas emissions across energy, industry, and other sectors. ETSs have been strong drivers of emissions reductions to date, especially in the electricity sector, and feature prominently in jurisdictions’ long-term decarbonization plans. A key pillar for the functioning and credibility of any ETS is a robust Monitoring, Reporting and Verification (MRV) system. Opportunities may exist for NASA satellite data to play a role in existing and upcoming ETSs. This presentation will provide an overview of ETSs around the world, lessons learned in their design and implementation, information on MRV in ETSs, as well as thoughts on the use of satellite data as a means to support ETS operations.