carbon credit
a unit of one metric ton of carbon dioxide (or an equivalent mass of other atmospheric pollutants), as enumerated in the tradable permits that regulate atmospheric pollution in a cap-and-trade system: Companies can accumulate carbon credits by funding new forest growth.
Origin of carbon credit
1- See also carbon neutral, carbon offsetting.
Words Nearby carbon credit
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use carbon credit in a sentence
We’ve also seen repeatedly that the systems humans create to incentivize tree planting or preservation often overcount carbon savings or provide carbon credits for forests that weren’t actually at risk of being cut down.
Carbon removal hype is becoming a dangerous distraction | James Temple | July 8, 2021 | MIT Technology ReviewThat incremental carbon that you create through that project is something that you could monetize with the carbon credit.
A portion of the carbon credits has been sold to California’s controversial offset market.
A ski company built a power plant fueled by methane. It’s a success, but can it be replicated? | Annie Gowen | May 28, 2021 | Washington PostLandowners can receive carbon credits, which they can sell, based on the difference between the amount of carbon stored in their land versus the regional average.
The California Air Resources Board Challenges Our Carbon Credits Investigations. We Respond. | by Lisa Song, ProPublica, and James Temple, MIT Technology Review | May 12, 2021 | ProPublicaThe Massachusetts Audubon Society, which sold carbon credits that were ultimately purchased by California polluters under the offset program, also issued a statement, available here.
The California Air Resources Board Challenges Our Carbon Credits Investigations. We Respond. | by Lisa Song, ProPublica, and James Temple, MIT Technology Review | May 12, 2021 | ProPublica
British Dictionary definitions for carbon credit
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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