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SBTi review of carbon credits effectiveness frustrates market backers

Eco-Business LogoEco-Business21h ago

SBTi review of carbon credits effectiveness frustrates market backers - Eco-Business

Quick Summary:

The Science Based Targets initiative's discussion paper that highlighted the limitations of carbon credits in reducing corporate emissions was met with exasperation by carbon market players.

In its lengthy review of research on the effectiveness of carbon credits, SBTi indicated that the priority for companies should remain direct decarbonisation of the value chain without using carbon credits as a substitute.

Ana Haurie, co-founder of Respira International, a London-based carbon credits trading firm, said in a statement shared with Eco-Business that indecision over the use of carbon credits to meet sustainability goals was prompting businesses to roll back net zero targets.

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Article Details

Author / Journalist: Robin Hicks

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 02:49:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 964 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 21913525

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Update Frequency: 1 posts per day

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #100

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The story "SBTi review of carbon credits effectiveness frustrates market backers" was covered 21 hours ago by Eco-Business, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/sbti-review-of-carbon-credits-17227614569364

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