What is another word for carbon trading?

261 synonyms found


[ kˈɑːbən tɹˈe͡ɪdɪŋ], [ kˈɑːbən tɹˈe‍ɪdɪŋ], [ k_ˈɑː_b_ə_n t_ɹ_ˈeɪ_d_ɪ_ŋ]

Carbon trading refers to the process of buying and selling permits to emit greenhouse gases. It is a key component of many countries' efforts to reduce their carbon emissions. There are a number of synonyms for carbon trading, including emissions trading, carbon offsetting, and greenhouse gas trading. Emissions trading is the broadest term and refers to any system where companies are allowed to buy and sell the right to emit pollutants. Carbon offsetting specifically refers to the practice of compensating for emissions by investing in renewable energy or other clean projects. Greenhouse gas trading is a more specific term that focuses on the trading of permits for the most common greenhouse gases, including carbon dioxide, methane, and nitrous oxide.

Synonyms for Carbon trading:

How to use "Carbon trading" in context?

Carbon trading is a market-based mechanism used to control emissions of carbon dioxide (CO2). It is a Clean Air Act compliance tool used in the United States, the European Union and other countries.

The intent of carbon trading is to reduce CO2 emissions by inducing companies to buy and sell permits to emit CO2. It does this by providing a market for pollution permits. This market creates an incentive for companies to reduce their CO2 emissions.

In order to trade carbon permits, market participants must have a system for exchanging information about emissions. This is handled through the use of exchanges, clearinghouses and information systems.

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