What Does ERC Stand For?
ERC stands for Emissions Reduction Credit
Emissions Reduction Credit (ERC) refers to a tradable certificate or permit that represents the reduction of one metric ton of greenhouse gas emissions. ERCs are utilized within various regulatory frameworks to promote and incentivize sustainable practices by allowing businesses or organizations to offset their emissions by purchasing credits from projects that have successfully reduced emissions, such as renewable energy initiatives or energy efficiency improvements. This market-based approach aims to facilitate the transition to a lower carbon economy while providing financial benefits to emission-reducing projects.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym