SBTi - carbon credit -Reuter commentary
Why the SBTi’s proposal to include carbon credits is on the right side of climate history Maria Mendiluce & Mandy Rambharos April 24, 2024 Industry Insight from Ethical Corporation Magazine, a part of Thomson Reuters. The recent statement from the board of the Science Based Targets initiative (SBTi) that it will consider recognizing environmental attribute certificates, including carbon credits, for abatement purposes in tackling value chain emissions, marks a significant milestone in the global battle against climate change. This is a bold step that will help accelerate corporate climate action around the world. The world faces a stark reality: thousands of companies have now made commitments to cut their emissions in half by 2030 and reach net zero by 2050. Yet the money hasn’t followed. While the number of companies committed to SBTi targets increased by more than 500% from 2018 to 2023, annual corporate climate finance i...