Definition from Nolo’s Plain-English Law Dictionary
1) The idea that companies or individuals can neutralize the effect of their pollution by investing in pollution reduction efforts in other parts of the world. 2) A financial instrument whose purchase is aimed at the reduction of greenhouse gases. One carbon offset generally pays for the reduction of one metric ton of carbon dioxide or other greenhouse gases.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:27 pm