carbon market

American  

[kahr-buhn mahr-kit] / ˈkɑr bən ˌmɑr kɪt /

noun

1. a commodity trading system through which countries and organizations can buy and sell permits to produce a set amount of carbon dioxide emissions and other atmospheric pollutants.

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Etymology

Origin of carbon market

First recorded in 1975–80

Example Sentences

See Examples For:

carbon market

The European Union on Friday unveils reforms of its carbon market, after fierce wrangling between countries, industry and activists over the pace of the bloc's climate push.

From Barron's ● Jul. 17, 2026

On the offsetting side, Corsia accepts credits from the voluntary carbon market that meet its Eligible Emissions Units criteria.

From The Wall Street Journal ● Feb. 23, 2026

After Brexit, the UK left the EU's carbon market and launched its own one in 2021, allowing companies to buy and sell carbon credits.

From BBC ● Feb. 12, 2026

The air board’s November vote centers on amendments to the LCFS, a carbon market program that took effect in 2011.

From Los Angeles Times ● Oct. 10, 2024

Since the program’s launch in 2023, the carbon market has raised nearly $2 billion from some of the state’s largest polluters, who must buy allowances for their greenhouse gas emissions.

From Seattle Times ● May 17, 2024