Shell dominates carbon credit market as clean energy spending scaled back

Q: How long will it take to read this news story?

The story "Shell dominates carbon credit market as clean energy spending scaled back" has 653 words across 27 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Shell dominates carbon credit market as clean energy spending scaled back" was covered 1 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 8 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25598205</li><li>URL: https://beamstart.com/news/shell-dominates-carbon-credit-market-1738127321223</li></ul>

Financial Times 1d ago

Shell dominates carbon credit market as clean energy spending scaled back - Financial Times

Quick Summary:

Credits represent a tonne of CO₂ or other greenhouse gases reduced, removed or saved, and are used as a cheap way to progress towards climate promises made to investors.

It added that “decarbonisation must start with avoiding and reducing emissions”, but that carbon credits could “compensate” for emissions where it was not possible to swap technologies for zero-emission alternatives fast enough.

The fossil fuel sector overall was responsible for more than four in 10 credits used last year, three times more than any other sector, and a slightly higher proportion than 2023, MSCI’s data also show.