To

34018 13 This Figure is in general useful, but the indicated link between the EU ETS and the Australian ETS is misleading as this link has not been formally established yet. The status is that a link is to be negotiated. In general, care should be taken that this figure incorporates the most recent information on the state and trends of global carbon markets. The World Bank publishes a comprehensive annual review of this topic, usually in May, which should be considered in the Third Order Draft. Accepted. Info checked. The mentioned report has been releases. It confirms advanced official negotiations are in place between EU and Australia (full linking is expected by 2018). Text clarified accordingly. There will be a last minute check on this. 25474 13 In general this chapter is quite repetitive and contains unnecessary details and hence it is very long. In particular Sections 13-5 to 13-13 should be shortened. On the other hand, section 13.14. ‘Gaps in knowledge and data ’ is extremely short and quite superficia