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Carbon Markets
Noun
The commodity markets relating to Carbon Reduction or Removal. These markets are where Carbon Reduction or Removal is bought or sold.
💡To Note:
The carbon markets were initially set-up during the formation of the Kyoto Protocol, largely to give carbon dioxide a value.
There are different types of carbon market: some relate to compliance and 'carbon taxing', whilst others relate to voluntary purchasing of carbon reduction or removal.
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