Share this entry

Share this page

carbon credit

Syllabification: car·bon cred·it

Definition of carbon credit in English:

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.
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:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day gourmand
Pronunciation: ˈɡʊəmənd
noun
a person who enjoys eating…