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Total volume of carbon offset credits retired by major companies worldwide between 2020 and 2022 (in millions)

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Sources

Release date

September 2023

Region

Worldwide

Survey time period

2020 to 2022

Special properties

Each carbon-offset credit is equivalent to one metric ton of COâ‚‚

Supplementary notes

Total volume of carbon offsets retired by the top 50 companies, by revenue, with net-zero targets between 2020 and 2022. 

Citation formats

Carbon offset credits retired worldwide 2020-2022, by major company

Published by ÌÇÐÄÆƽâ°æ Research Department, Jul 16, 2024

U.S. oil giant, Chevron, retired around * carbon offset credits from major voluntary carbon registries between 2020 and 2022. The majority of these credits were linked to carbon offset programs in Colombia, a country in which Chevron has a history of oil-and-gas exploration. Many major global companies rely on carbon offsets to reach net-zero emissions and meet their climate targets.

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Topics

Voluntary carbon markets worldwideGlobal climate changeCarbon capture and storageGreenhouse gas emissions worldwideCarbon dioxide removal
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