carbon credit









carbon credit


noun

  1. 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.

noun

  1. 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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