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

See Examples For:

carbon market

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

California’s carbon market and zero-emission mandates have given the state outsize influence at summits such as COP30, where its policies are seen as both durable and exportable.

From Los Angeles Times ● Nov. 12, 2025

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