Carbon emissions trading is crucial to meeting carbon neutrality goals and carbon peak achievement. The aim of this study was to undertake a review of major carbon emissions trading schemes worldwide. Systematic literature review methodology was adopted to obtain documents from Scopus which were then synthesised. From the findings, the major carbon emission trading schemes that were reviewed were System, Safeguard mechanism, Australia, Regional Greenhouse Gas Initiative (RGGI), US, California’s cap and trade sector, US, and UK emissions trading systems. This systematic review has theoretical, empirical, practical, and wider implications. Remarkably, a study that thoroughly reveals and reviews the various trading schemes is lacking and this study fills the gap. The study also contributes to climate change mitigation agenda.
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