What does carbon offset mean?

carbon offset meaning in Law Dictionary

lowering of emissions of carbon or greenhouse gases manufactured in to compensate for or even to counterbalance an emission made in other places.

carbon offset meaning in Business Dictionary

Credit available for purchase by entities which are wanting to reduce their particular carbon footprint regarding environment. When there is a chance that the entity will surpass their particular carbon quota, they'll utilize this monetary tool to comply with hats. Company might also get carbon offsets if they are eco-friendly and would like to do their particular component to boost the environment.