Dictionary definition of “price of carbon”

price of carbon

n. the going rate for petroleum-related pollution-emission rights or credits, which are traded on an international market. Subjects: English, Environment, Money & Finance, Petroleum, Jargon

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Citations: 1998 Jay E. Hakes (Congressional Testimony by Federal Document Clearing House) (Oct. 9) “Kyoto Protocol’s Impact On U.S. Energy”: Even if options are available that are low cost and represent additional effort beyond the AEO base case, these options may have relatively little bearing on the price of carbon in a competitive environment. It is the cost of the last ton reduced, wherever in the world that occurs, that will set the price in a competitive market for carbon emissions reductions. 2004 David Hopkins Environmental Data Interactive Exchange (South Croydon, Surrey, U.K.) (May 7) “UK cuts reduction targets in revised NAPS plan”: James Cameron, a founder of Climate Change Capital, a merchant bank specialising in emissions trading, told edie that this move would drive down the price of carbon. 2004 Brian Fallow New Zealand Herald (June 9) “Germany’s Kyoto ruling to be felt in NZ”: The level of that tax will be determined—exactly how has not yet been decided—by the international price of “carbon,” which is jargon for tradeable rights to emit carbon dioxide and other greenhouse gases.

Posted 9 Jun 04 | Permalink | Tell a Friend