Sectoral coverage of carbon pricing mechanisms worldwide 2023

In 2023, 55 percent of global industry and construction emissions were covered by a carbon pricing mechanism. This share was mainly through emissions trading systems, particularly the EU ETS and Chinese pilot markets. The sector with the second-largest share of its emissions covered by carbon pricing mechanisms was heat and electricity production, at 50 percent. China's national ETS, which currently only regulates companies in the power sector, accounted for almost half of this sector's emissions coverage in 2023. Fugitive emissions and the agriculture sector are currently not covered by either emissions trading systems or carbon taxes.