Demand for carbon credits is on track to fall in 2023, according to two of the top data providers. Nestle, which has also not disclosed its spending on offsets, said it would stop using carbon offsets and was seeking other routes to net zero. Until this year, the voluntary carbon market had grown as more companies came under shareholder pressure to adopt net zero policies. SECOND THOUGHTSFor the carbon markets, another issue is that regulators and carbon market advisory bodies are limiting the scope of their use by companies. "You need to reduce emissions and that's how you will be judged in the market when you're disclosing your carbon emissions."

---

Persons: Elizabeth Frantz, Gucci, Renat Heuberger, Stephen Donofrio, certifier Verra, EasyJet, Jane Ashton, Ashton, Naomi Swickard, Verra, Zimbabwe's, Steve Wentzel, Wentzel, Kristian Rönn, Rob Hayward, Susanna Twidale, Sarah McFarlane, Barbara Lewis Organizations: New England Forestry Foundation, REUTERS, Nestle, Reuters, Marketplace, Shell, Boston Consulting, Offset, GEO, Verra, Carbon, Investments, United Nations, Voluntary, Initiative, EU, KLM, Companies, Thomson Locations: Hersey, New Hampton , New Hampshire, U.S, Kenya, Pole, Stockholm, Ghana