04:59 PM EDT, 09/03/2024 (MT Newswires) -- Carbon offsets issued by four major credit registries declined in the third week of August, analysis provided by research company ClearBlue Markets has shown.

About 3.1 million carbon offsets were issued by the registries in the week of Aug. 19 to Aug. 25. The weekly count is ClearBlue Markets' aggregate of all 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 a decrease of 28.9% 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 India

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)