carbon pricing
/ˈkɑːbən ˈpraɪsɪŋ/ · car·bon price·ing
noun
- A policy mechanism that assigns a monetary cost to the emission of carbon dioxide or other greenhouse gases, typically through taxes, fees, or cap‑and‑trade systems, to encourage emission reductions. The government introduced carbon pricing to make polluting industries pay for their greenhouse‑gas emissions.
Synonyms
carbon taxemissions pricingclimate pricinggreenhouse‑gas pricingcarbon levycap‑and‑tradeemissions tradingcarbon fee
Antonyms
Did you know? The term "carbon pricing" rose to prominence after the 1997 Kyoto Protocol, and the EU Emissions Trading System, launched in 2005, became the world’s first large‑scale carbon pricing scheme.