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Shell Leads the $1.4-Billion Carbon Credits Market

Shell Leads the $1.4-Billion Carbon Credits Market

As Europe’s major oil and gas firms scaled back investments in renewables, UK-based Shell led the global voluntary carbon market with the most carbon credits retired in 2024, according to carbon market data providers. Shell, other multinational energy firms, technology, and fashion giants have been increasingly leaning on carbon credits as one way to reduce their greenhouse gas emissions and meet their net-zero corporate goals. Companies use the so-called carbon credits to remove, reduce, or save a ton of carbon dioxide (CO2). This is easier…

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