Carbon Budget

noun: a pro forma or formal mechanism to track carbon negative and positive (fossil fuel) impacts over time against a predetermined limit of the total, or upper limit, amount of carbon emissions for an entity;  a carbon emissions budget may include 'compensating actions' such as carbon offsets.   The term carbon budget can also refer to the balance of gains or losses of carbon in a system (i.e., whether the Earth's carbon sinks rate of absorption are outpacing the rate of emissions from carbon sources, or reverse).

Related terms:

Carbon ledger

Carbon footprints

Carbon budgeting

Ghg offsetting

Carbon loading

Carbon sinking

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