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Definition of "emission credit" |
a scheme in the USA for the control of nitrous oxide and sulfur dioxide emissions from industrial plants. Autility can purchase from the government the right to emit a certain quantity of pollutant. If it does not emit this amount, the credit can be sold on the market to another plant which may need to emit some pollutant. The resale value of the pollution credit forms a financial incentive for a facility to emit as little pollution as possible. |
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