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 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)