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

It paved the way for the creation of California’s signature carbon market program, cap-and-invest.

From Los Angeles Times ● Oct. 22, 2026

The legislation paved the way for the creation of California’s nation-leading carbon market, cap-and-invest, which launched in 2013.

From Los Angeles Times ● Oct. 15, 2026

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

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

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