Africa > Fossil fuel firms, carmakers account for vast majority of carbon credits bought by companies with climate targets

Fossil fuel firms, carmakers account for vast majority of carbon credits bought by companies with climate targets

Published 19:22 on September 28, 2023  /  Last updated at 19:27 on September 28, 2023  / Bryony Collins /  Africa, Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

Fossil fuel companies and carmakers account for the highest proportion of carbon credit purchases among the world’s top 50 firms with net zero targets, though only 8% of the units purchased by that cohort were from CO2 removal projects, according an analysis released Thursday.
Fossil fuel companies and carmakers account for the highest proportion of carbon credit purchases among the world’s top 50 firms with net zero targets, though only 8% of the units purchased by that cohort were from CO2 removal projects, according an analysis released Thursday.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.