Definition of Carbon offset:
An action intended to compensate for the emission of carbon dioxide into the atmosphere as a result of industrial or other human activity, especially when quantified and traded as part of a commercial program.
Credit available for purchase by entities that are seeking to reduce their carbon footprint on the environment. If there is a chance that the entity will exceed their carbon quota, they will use this financial instrument to comply with caps. Company may also obtain carbon offsets if they are eco-friendly and want to do their part to improve the environment.
How to use Carbon offset in a sentence?
- Purchasing the carbon offsets would contribute to the airlines commitment to reducing its environmental impact.
Meaning of Carbon offset & Carbon offset Definition