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Meaning of “emission credit” in the English Dictionary

"emission credit" in Business English

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emission creditnoun [C, usually plural]

(also emissions credit) uk   us   (also pollution credit, also US emission reduction credit) ENVIRONMENT
a ​reduction in ​pollution that is ​equal to one emissionunit. A ​company that ​reduces its ​pollution can ​sell its ​emissioncredits to ​companies that ​fail to ​reduce their ​pollution: If a ​companyfails to ​meet its emission-reduction ​target, it will need to ​buyadditionalemissioncredits to ​cover its ​excessemissions.
(Definition of emission credit from the Cambridge Business English Dictionary © Cambridge University Press)
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