05:35 PM EDT, 05/29/2024 (MT Newswires) -- The number of carbon offsets retired in the third week of May rose, data analysis provided by carbon research company ClearBlue Markets showed.

Some 2.7 million carbon offsets were retired by four carbon credit registries in the week of May 13 to May 19, up 150% from the prior week and unchanged from the corresponding period of the prior year.

The weekly count is ClearBlue Markets' aggregate value for the carbon credits retired by four of the largest registries of offsets in the world; the American Carbon Registry, Climate Action Reserve, Gold Standard and Verra.

A retired carbon credit is a carbon credit that can no longer be traded because it has been taken out of circulation as a tonne of greenhouse gas emission savings.

Source material provided by ClearBlue Markets (www.clearbluemarkets.com).