carbon market

American

[kahr-buhn mahr-kit] / ˈkɑr bən ˌmɑr kɪt /

noun

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

On the offsetting side, Corsia accepts credits from the voluntary carbon market that meet its Eligible Emissions Units criteria.

From The Wall Street Journal

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

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

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

Benja Faecks of think tank Carbon Market Watch told AFP the focus should be on getting companies to stop polluting in the first place.

From Barron's

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023