Description of emissions trading systems and results

Section B.1 describes the sixteen emissions trading systems for which coverage and permit prices were estimated: The Québec Cap-and-Trade System in Canada, the seven Chinese pilot systems (Beijing, Chongqing, Guangdong, Hubei, Shanghai, Shenzhen, Tianjin), the European Union Emissions Trading System, the systems in Saitama and Tokyo (Japan), Korea, New Zealand, Switzerland, and the California Cap-and-Trade Program as well as the Regional Greenhouse Gas Initiative in the United States. Section B.2 shows results on average effective ETS prices and ETS coverage by sector. Section B.3 lists the ETS-specific adjustment and assumptions that were made in the calculations.