Carbon markets

Ricardo has a proven track record of designing and implementing robust carbon market mechanisms that deliver environmental and economic progress.

Creating impactful market mechanisms to support a low carbon economy

Our work brings together expertise on policy design, capacity building and technical expertise in industrial emissions abatement, renewable energy deployment, climate finance, measurement, reporting and verification, and inventory design. Our insightful analysis of the impacts created from linking systems and through the use of offset credits, including price impact, harmonisation, creates mechanisms to support the development and deployment of clean technologies.

System design (including sector and GHG coverage), choice of regulated entity, and interactions with existing policies and enforcement regimes.

Cap-and-target setting, underpinned by technical analysis of sectoral abatement potential. Allowance distribution options including developing benchmarks and approaches to auctioning.

Analysis of impact of linking systems and use of offset credits, including price impact, harmonisation and price stability mechanisms. Developing complementary mechanisms to support the development and deployment of clean technologies.

Our experts support the monitoring and evaluation of carbon market implementation from evaluating carbon leakage and competitiveness impacts, through to developing MRV frameworks and guidance to support transparency related to national and subnational climate commitments. In addition, our experts have extensive experience of developing emissions inventories and registries.

Carbon Markets

Our experience

A market-based mechanism in Jordan

Developing the World Bank Partnership for Market Readiness (PMR) Proposal for market-based measures in Jordan.

Energy efficiency trading

Study on energy efficiency trading in China for the World Bank, including interactions with carbon pricing and renewable energy certificates.

Emissions trading system

Developing option for linking the European Union Emissions Trading System (EU ETS) with third-party trading systems, including registry accounting mechanisms.

Carbon markets


This service is offered within the following sectors.

Discover our case studies

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Nationally Determined Contributions - NDC Navigator 3.0

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Climate Finance Accelerator Programme

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UK Technical Assistance Programme for LEAF

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Carbon markets Resources

Overview of the proposed 'universal' restriction proposal for PFAS

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Helping local authorities deliver an effective response to the climate emergency

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Ricardo's macroeconomic model cited as 'leading tool' for analysing industrial transformation

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Ricardo policy experts work with the World Bank to help the Western Balkans manage road vehicle emissions to improve air quality and reduce carbon emissions

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Meet the experts

Mark Johnson Climate Change And Carbon Markets Expert

Mark Johnson

Carbon Markets Business Manager

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Richard Smithers Removebg Preview

Richard Smithers

Technical Director – Climate Adaptation Lead

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Florianne De Boer BW

Florianne de Boer

Principal Consultant, Energy & Carbon Regulation

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