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Energy & Renewables vocabulary · Emissions and Energy Policy

Carbon price

Meaning in energy & renewables, with examples

nounCommon term

In energy & renewables, carbon price means: A cost put on each tonne of carbon dioxide emitted, through a carbon tax or an emissions trading system, to encourage companies to cut their emissions.

In Turkish: karbon fiyatı, karbon fiyatlandırması

How it is used

Expressed per tonne of CO2, for example 70 euros per tonne. Carbon pricing is the general policy; the carbon price is the actual level. Exporters to the EU follow the Carbon Border Adjustment Mechanism (CBAM), which puts a carbon price on some imported goods.

Example sentences

  1. A higher carbon price makes coal plants more expensive to run than gas plants.

  2. We assume a carbon price of 80 euros per tonne in all new investment decisions.

Common collocations

  • carbon pricing
  • carbon tax
  • carbon price per tonne
  • internal carbon price
  • emissions trading systemA market-based scheme that sets a cap on total emissions and lets companies buy and sell allowances, each giving the right to emit one tonne of CO2.
  • carbon emissionsCarbon dioxide released into the air, mainly by burning coal, oil and gas. The term is often used loosely for all greenhouse gas emissions.
  • decarbonizationReducing the carbon dioxide emissions of an economy, sector or company, for example by switching to renewable power, electrifying heat and transport and improving efficiency.
  • coal-firedDescribing a power plant or boiler that burns coal to produce heat and electricity. Coal-fired plants are among the largest sources of carbon emissions.

More terms: Emissions and Energy Policy

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