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.

More definitions of carbon credit

Definition of carbon credit in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day maelstrom
Pronunciation: ˈmālˌsträm
noun
a powerful whirlpool in the sea

Shop for an Oxford dictionary

Find the perfect Oxford dictionary for you in our online shop.
SHOP NOW ►