Definition of carbon credit in English:

carbon credit

Syllabification: car·bon cred·it

noun

A permit that allows a country or organization to produce a certain amount of carbon emissions and that can be traded if the full allowance is not used.
More example sentences
  • Companies who go over the limit have to purchase carbon credits elsewhere.
  • President Barak Obama has strongly advocated an auction system for carbon credits.
  • The company hopes to turn a profit by selling carbon credits.

Definition of carbon credit in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day epyllion
Pronunciation: ɪˈpɪlɪən
noun
a narrative poem resembling an epic in style...