Translations:Climate change mitigation/159/en

Trading schemes offer the possibility to limit emission allowances to certain reduction targets. However, an oversupply of allowances keeps most ETS at low price levels around $10 with a low impact. This includes the Chinese ETS which started with $7/tCO
2 in 2021. One exception is the European Union Emission Trading Scheme where prices began to rise in 2018. They reached about €80/tCO
2 in 2022. This results in additional costs of about €0.04/KWh for coal and €0.02/KWh for gas combustion for electricity, depending on the emission intensity. Industries which have high energy requirements and high emissions often pay only very low energy taxes, or even none at all.