definitions

carbon credit

noun

a permit that gives a company, country, etc., the right to emit a specified amount of carbon compounds into the atmosphere, and may be purchased if emissions are expected to exceed a quota or sold if the quota is not reached: Companies can accumulate carbon credits by funding new forest growth.

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Nearby words

carbon bisulphide, carbon black, carbon brush, carbon capture, carbon copy, carbon credit, carbon cycle, carbon dioxide, carbon dioxide cycle, carbon dioxide snow, carbon disulfide
Compare carbon offsetting.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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 Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012