Shell & EKI Energy Services launch joint venture for carbon credit | Business Standard News

Explaining the focus areas of this JV, Manish Dabkara, chairman and managing director and chief executive officer at EKI Energy Services, told Business Standard: “We would be putting nature-based solution projects on the ground.

A carbon credit is a certificate signifying that one tonne of carbon dioxide emission has been reduced from the atmosphere.

The carbon credits generated from the projects the JV undertakes will be shared in proportion to the investment Shell or EKI makes.

Commenting on the size of the carbon credits market, Dabkara said: “As of now, the global voluntary carbon market size is around $1.5 billion and we would be able to see more than two to three times growth in a few years.

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