SBTi seeks more input on net-zero electricity rules

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🗞️ Driving the news: The Science Based Targets initiative (SBTi) is seeking public feedback on proposed clarifications to the electricity requirements in its revised Corporate Net-Zero Standard 2.0
• The proposals address grid deliverability regions, complex electricity contracts and the recognition of legacy power purchase agreements ahead of the standard's implementation on February 1, 2027

🔭 The context: Scope 2 electricity accounting was the second-largest source of comments during the standard's formal consultation
• SBTi's interim proposals aim to provide consistent guidance while the Greenhouse Gas Protocol continues revising its rules for accounting for purchased electricity
• The changes are not yet finaL as SBTi's technical council retains oversight of the standard

🌍 Why it matters for the planet: Clearer electricity accounting rules can help companies distinguish credible emissions reductions from claims based solely on contractual purchases
• By improving how businesses procure and report low-carbon electricity, the standard could strengthen corporate accountability and support investment in renewable energy and cleaner power systems

⏭️ What’s next: The public comment period opened on November 5 and closes on December 5
• SBTi plans to analyze feedback in December and publish any adopted changes in January, alongside a summary of its decisions
• Further clarifications may follow as the revised standard is implemented

💬 One quote: “The new standard operating procedure places a greater emphasis on public comment periods to gather feedback,” - SBTi 

📈 One stat: The consultation on the revised standard generated the second-highest number of comments on Scope 2, highlighting the importance of electricity accounting to corporate climate targets

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