Meaning of “carbon budget” in the English Dictionary

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"carbon budget" in Business English

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carbon budgetnoun [ C ]

uk us

ENVIRONMENT, SOCIAL RESPONSIBILITY an amount of carbon dioxide that a country, company, or organization has agreed is the largest it will produce in a particular period of time:

The Committee on Climate Change will advise the government on staying within its carbon budget.

(Definition of “carbon budget” from the Cambridge Business English Dictionary © Cambridge University Press)