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English definition of “emission credit”

emission credit

noun [C, usually plural] (also emissions credit)
 
 
(also pollution credit, also US emission reduction credit) ENVIRONMENT
a reduction in pollution that is equal to one emission unit. A company that reduces its pollution can sell its emission credits to companies that fail to reduce their pollution: If a company fails to meet its emission-reduction target, it will need to buy additional emission credits to cover its excess emissions.
(Definition of emission credit from the Cambridge Business English Dictionary © Cambridge University Press)
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