August VCM retirements up 2.6% on year as high energy prices hit sentiment

Voluntary carbon credit retirements in August were up 2.6% year on year to 11.97 million, data collected by the Global Carbon Analytics team at S&P Global Commodity Insights from Climate Action Reserve, American Carbon Registry, Gold Standard and VERRA showed. There were 12.10 million retirements of credits in July, up 28% year on year. The fall in retirements came amid…