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.

---

Etymology

Origin of carbon market

First recorded in 1975–80

Example Sentences

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

From Barron's • Mar. 6, 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

Cullenward is considered a champion of carbon reduction, but sometimes takes flak when he questions the efficacy of some carbon market programs.

From Los Angeles Times • Oct. 10, 2024

The bills include Senate Bill 6058, an attempt to help link Washington’s carbon market with that of California and Quebec.

From Seattle Times • Mar. 28, 2024