Definition of carbon trading noun from the Oxford Advanced Learner's Dictionary


carbon trading

BrE BrE//ˈkɑːbən treɪdɪŋ//
; NAmE NAmE//ˈkɑːrbən treɪdɪŋ//
(also emissions trading
; NAmE
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a system that gives countries and organizations the right to produce a particular amount of carbon dioxide and other gases that cause global warming, and allows them to sell this right a global carbon trading system Carbon trading has not been very effective so far in addressing global warming.
See the Oxford Advanced American Dictionary entry: carbon trading