Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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)
What is the pronunciation of emission credit?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “emission credit”

Word of the Day

glacial

made or left by a glacier

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More