5 May 2020
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
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology