carbon market

[ kahr-buhn mahr-kit ]

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. carbon credit ( def ), cap and trade ( def ).

Word History and Origins

Origin of carbon market¹

First recorded in 1975–80

Example Sentences

It means that a global 'carbon market' can now been established, allowing richer nations to pay for projects in developing nations that reduce emissions and use this to meet their climate obligations.

From BBC

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

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

He pointed to a study last October by Ecosystem Marketplace, a Washington D.C.-based nonprofit, which found that companies engaged in the voluntary carbon market are 1.8 times more likely to be decarbonizing than their peers and investing three times more money in their internal decarbonization.

From Salon

But the chairs of the state Republican Party and the Mainstream Republicans of Washington, Jim Walsh and Deanna Martinez, respectively, contend the law does not apply to the measures on Washington’s capital gains tax, carbon market and public long-term care insurance program.

From Seattle Times