Definition of carbon credit in English:
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.
- 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:
- British & World English dictionary