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

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

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