Carbon price

DEFINITION: A pricing system that encourages polluters to reduce their greenhouse emissions by charging for CO2 emitted into the atmosphere. A carbon price usually comes in the form of a carbon tax, or a cap-and-trade system, which allows companies a limited, and falling, number of emissions permits.

See also: Carbon budget

See also: Carbon footprint

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Orsted, the operator of the pictured Horns Rev 2 offshore wind farm, is named in the report as a leader on corporate carbon pricing. Image: Orsted 

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British Land targets net-zero portfolio by 2030

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