Definition of carbon credit in English:

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carbon credit

Pronunciation:

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.
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