Carbon offsets are increasingly being paired with fossil fuel shipments in deals that have scooped up 5 per cent of all credits used so far this year, according to new research.
About 4.6m of the units, which organisations use to compensate for their emissions, were used to offset hydrocarbon shipments billed as green in the first nine months of 2021, according to data from Trove Research.
That compares with 1.2m offsets paired with fossil fuel cargos in all of 2020.
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