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emission credit noun[ C, usually plural ] ENVIRONMENT (alsoemissions credit)ukus(alsopollution credit); (also USemission reduction credit) 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.
Examples of emission credit emission credit The host party can use this technology as it wishes, in particular to produce further emission reductions that it may resell on an international emissioncredit market. These credits can be converted into fiat currency through transferring ownership of the underlying assets such as selling the emission credits into cap and trade markets. From Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license. Finally, only projects where the emission credits accrue to the hosting developing country could be eligible. Allowances and auctioning of emission credits will occur for power plants until 2013 when all new power plants will have entirely auctioned allowances. From Europarl Parallel Corpus - English These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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