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

What’s more, he said the carbon market largely shrugged at the proposed removal of 118 million credits, and the cost of releasing one ton of carbon pollution went down — indicating that even tighter reductions could be warranted.

From Los Angeles Times

Brussels is preparing proposals for a reform of the bloc's 20-year-old flagship carbon market scheme later this year.

From Barron's

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

From The Wall Street Journal

Corsia also incorporates the Paris Agreement’s Article 6, which established a carbon market for countries to pursue their emissions reduction targets.

From The Wall Street Journal

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