05:02 PM EST, 11/26/2024 (MT Newswires) -- Carbon offsets issued by four major credit registries rose in the second week of November, analysis provided by research company ClearBlue Markets has shown.

About 3.2 million carbon offsets were issued by the registries in the week of Nov. 11 to Nov. 17, according to ClearBlue Markets' report, dated Nov 20.

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

The total represents an increase of 169.5% compared with the volume of carbon offsets issued in the week prior.

The carbon credit issuances went to a mixture of projects in diverse geographical regions, including the US, Mexico and Kenya.

An issued carbon offset credit represents one tonne of removed or reduced carbon dioxide emissions that has been approved by a registry to enter the market.

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