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carbon credit
[ kahr-buhn kred-it ]
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.
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
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Word History and Origins
Origin of carbon credit1
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Example Sentences
We’ve also seen repeatedly that the systems humans create to incentivize tree planting or preservation often overcount carbon savings or provide carbon credits for forests that weren’t actually at risk of being cut down.
That incremental carbon that you create through that project is something that you could monetize with the carbon credit.
A portion of the carbon credits has been sold to California’s controversial offset market.
Landowners can receive carbon credits, which they can sell, based on the difference between the amount of carbon stored in their land versus the regional average.
The Massachusetts Audubon Society, which sold carbon credits that were ultimately purchased by California polluters under the offset program, also issued a statement, available here.
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