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

California’s carbon market and zero-emission mandates have given the state outsize influence at summits such as COP30, where its policies are seen as both durable and exportable.

From Los Angeles Times

Benja Faecks of think tank Carbon Market Watch told AFP the focus should be on getting companies to stop polluting in the first place.

From Barron's

The state was the first to mandate battery energy storage at its major utilities, helping jump-start the modern grid-battery market, while its cap-and-trade carbon market program has been emulated in places around the world.

From Los Angeles Times

Crowfoot highlighted California’s carbon market partnership with Quebec and one with Denmark that yielded groundwater monitoring technology that California uses today, among other examples of international efforts.

From Los Angeles Times

Some forestry projects within the voluntary carbon market have attracted significant criticism in recent years, leading to dramatic drops in demand for carbon credits.

From The Wall Street Journal