Definition of carbon credit in English:

carbon credit

Line breaks: car¦bon credit

noun

  • A permit which allows a country or organization to produce a certain amount of carbon emissions and which 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.

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Word of the day milord
Pronunciation: mɪˈlɔːd
noun
used to address an English nobleman