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

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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

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 ● 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

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 ● Nov. 7, 2025

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

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