A way in which the price of an asset, good, or service is freely determined by the forces of demand and supply. (Market mechanisms are more complex than taxes, harder to implement and control, but they are also much more efficient, sector agnostic, and fair.)

The practice of compensating for carbon dioxide emissions by funding projects that reduce, avoid, or remove an equivalent amount of emissions elsewhere.

The reduction of carbon emissions released by the combustion of a primary resource.