What Is the Meaning of Carbon Credits?

Answer

The term carbon credit refers to a certain permit that lets the holder to give out one ton of carbon dioxide. These credits are given to countries or groups that have condensed their green house gases lower their emission quota.
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carbon credit
NOUN
1.
a permit that gives a company, country, etc., the right to emit a specified amount of carbon compounds into the atmosphere, and may be purchased if emissions are expected to exceed a quota or sold if the quota is not reached: Companies can accumulate carbon credits by funding new forest growth.
Source: Dictionary.com
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A permit that allows the holder to emit one ton of carbon dioxide. Credits are awarded to countries or groups that have reduced their green house gases below their emission quota.
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A carbon credit is a permit that allows the holder to emit one ton of carbon dioxide. It is awarded to countries or groups that have reduced their green house ...
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