Carbon offsets regain support

The trading of carbon credits will take an increasing role in hydrocarbon supply chains over the next decade

You can read more stories like this by subscribing to our monthly Energy Transition newsletter here Written by Andrew Hedges, partner, Norton Rose Fulbright Recent years have seen a significant increase in buyer demand for carbon offsets from projects regulated under leading standards such as the Verified Carbon Standard (VCS). Coming after a long fallow period, this is welcome news for greenhouse gas (GHG) reduction or sequestration projects supporting local communities or associated bio-diversity outcomes. Key buyer sectors include airlines and consumer-facing companies as well as energy businesses. The oil and gas sector in particular has a long involvement with climate change mitigation