SBTi releases scenarios for carbon credits despite finding little evidence they work


· 1 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Wall Street Journal or enjoy below:
🗞️ Driving the news: The Science Based Targets initiative (SBTi) released scenarios exploring the use of carbon credits in corporate net-zero targets, despite finding limited evidence of their effectiveness in reducing emissions
🔭 The context: SBTi, which validates corporate climate targets, has been scrutinizing carbon credits, often used to offset emissions
• The recent report questions their efficacy, though SBTi has not ruled out including them in future standards
🌍 Why it matters for the planet: The legitimacy of carbon credits is crucial as they are widely used in corporate strategies for emission reductions, impacting global efforts to combat climate change
⏭️ What's next: SBTi plans to release a draft of its updated net-zero standard by the end of the year, with potential inclusion of carbon credits, aiming for implementation by late 2025
💬 One quote: "Direct decarbonization must remain the priority for corporate climate action," emphasized Alberto Carrillo Pineda, SBTi’s Chief Technical Officer
📈 One stat: SBTi has validated climate targets for over 5,000 companies, highlighting its significant role in global corporate climate strategies
Click for more news covering the latest on corporate sustainability
Charlene Norman

Sustainable Business · Sustainable Finance
illuminem briefings

Net Zero · Carbon Market
Kasper Benjamin Reimer Bjørkskov

Fashion · Sustainable Business
Trellis

Corporate Sustainability · Net Zero
World Cement

Circularity · Architecture
World Economic Forum

Corporate Governance · Corporate Sustainability