Shell & EKI Energy Services launch joint venture for carbon credit

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

Shell Overseas Investments, a unit of Royal Dutch Shell, and EKI Energy Services will set up a joint venture (JV) focused on developing nature-based solutions (NBS) for carbon capture in India.

According to an EKI statement, the JV will work on conserving, enhancing, and restoring natural ecosystems such as forests, agriculture, grasslands, wetlands, and blue carbon.

This will prevent emissions or lower concentrations of greenhouse gases in the atmosphere.

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.