carbon credit
[ kahr-buhn kred-it ]
/ ˈkɑr bən ˌkrɛd ɪt /
noun
a unit of one metric ton of carbon dioxide (or an equivalent mass of other atmospheric pollutants), as enumerated in the tradable permits that regulate atmospheric pollution in a cap-and-trade system: Companies can accumulate carbon credits by funding new forest growth.
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See also carbon offsetting.
Origin of carbon credit
First recorded in 1990–95
Words nearby carbon credit
carbon bisulphide, carbon black, carbon brush, carbon capture, carbon copy, carbon credit, carbon cycle, Carbondale, carbon-date, carbon dating, carbon dioxide
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for carbon credit
carbon credit
noun
a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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