12:16 PM EDT, 03/11/2024 (MT Newswires) -- Carbon offsets issued by four major credit registries rose in the week straddling the end of February and the start of March, analysis provided by research company ClearBlue Markets showed last week.

About 11.4 million carbon offsets were issued by the registries from Feb. 26 to Mar. 3. 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 an increase of nearly 160% compared with the previous week and a jump of roughly 545% versus the corresponding period of the prior year.

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

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).