State-of-play in international carbon markets in 2024

This policy brief, written in May 2024, provides an overview of the international carbon market landscape and describes the status quo in terms of the degree of its integration and the use of the mechanisms set out in Article 6 of the Paris Agreement. It assesses the linkability of existing emissions trading systems (ETSs) and discusses the emerging topics of sector expansion and the role of removals in compliance markets.