Immediately is Monday, April 15, 2024.
SBTi’s press launch begins like this: “While recognizing that there is an ongoing healthy debate on the subject matter, SBTi recognizes that, when properly supported by policies, standards and procedures based on scientific evidence, the use of environmental attribute certificates for abatement purposes on Scope 3 emissions could function as an additional tool to tackle climate change.”
The press launch provides: “SBTi will not embark in validating carbon credits quality. Other entities are better positioned to deal with this activity. SBTi will enable all validating entities to have clear access and complete understanding of the demand side guardrails and rules established by SBTi for this purpose.”
Certainly, as you’re most likely following, associated to different UK-based entities corresponding to ICVCM or VCMI.
The press launch additionally informs that coming July, a dialogue paper with a draft proposal from SBTi about potential adjustments to Scope 3 might be printed.
In accordance with some sources, a part of SBTi employees was not a lot pleased with that transfer, an extension “beyond the current limits”, as per SBTi’s press launch.
As you already know, not all people is far in favour of getting a marketplace for carbon within the “form of credits” aside from the prevailing varieties we have already got associated to carbon: diamonds, oil, coal and gasoline. In that sense, timber, renewables and new low carbon emission techs would nonetheless stay at giant, on their very own.
Click on on the picture under for the SBTi press launch.
There are presently over 4 thousand firms with validated science-based local weather targets by SBTi.
