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carbon credit

noun
1.
a permit that gives a company, country, etc., the right to emit a specified amount of carbon compounds into the atmosphere, and may be purchased if emissions are expected to exceed a quota or sold if the quota is not reached:
Companies can accumulate carbon credits by funding new forest growth.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for carbon credit

carbon credit

noun
1.
a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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