11/26/2023 0 Comments Carbon credits vs carbon offsets![]() So, what are carbon removal credits, how are they different from other types of carbon credits utilized to offset carbon emissions, and why can they be used where other carbon credits can’t be under SBTi? Under the guidance, carbon removal credits can account for up to 10% of harder to abate carbon emissions that cannot be eliminated, and starting in 2030 the SBTi will only recognize carbon credits generated from carbon removal activities as valid offsets. The framework provided by the SBTi makes it clear that carbon removal activities are crucial for achieving net-zero. ![]() In their guidance, the SBTi warns that deep and urgent decarbonization must take place in order to limit global warming to 1.5 degrees Celsius by 2040, including the need to counterbalance emissions that are impossible to eliminate with permanent carbon removal activities, which produce the type of carbon credit that we’ll cover in this blog post. In October 2021, the science based target initiative (SBTi) published the Net-Zero Standard to help companies across the world set net-zero targets.
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