In this week’s episode, host Daniel Raimi talks with Stefano De Clara, head of secretariat at the International Carbon Action Partnership (ICAP), an international forum for governments and public authorities that have implemented (or are planning to implement) emissions trading systems (ETSs). De Clara discusses this year’s status report from ICAP, which provides the latest updates on global ETSs; the role of ETSs in the carbon market; how ETSs are being implemented with increasingly ambitious emissions reduction policies; specific ETSs in China, the European Union, and California; the potential for integrating negative emissions (carbon removal) into ETSs; and more. References and recommendations: “Emissions Trading Worldwide Status Report” by the International Climate Action Partnership; https://icapcarbonaction.com/en/publications/emissions-trading-worldwide-2022-icap-status-report “Collapse” by Jared Diamond; https://www.penguinrandomhouse.com/books/288954/collapse-by-jared-diamond/