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
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30