Fresh evidence published by the Science Based Targets initiative (SBTi) confirms the unsuitability of carbon offsetting to meet emissions targets, echoing the findings of a new Carbon Market Watch study that casts doubt over the fairness of financial flows in the voluntary carbon market (VCM).
In this joint statement, 80 civil society organisations, including Carbon Market Watch, express their opposition to the use of carbon credits for offsetting purposes and the recent move towards relaxing rules surrounding indirect scope 3 emissions, such as the recent controversy at the Science-based Targets initiative (SBTi). Climate targets must focus primarily on the reduction …
Read more “Why carbon offsetting undermines climate targets – Joint NGO statement”
Carbon Market Watch strongly condemns the SBTi Board of Trustees’ announcement to recognise carbon credits as a way to “abate” scope 3 emissions. These indirect, value chain emissions usually make up the lion’s share of a company’s carbon footprint.
This joint letter urges the Voluntary Carbon Markets Integrity Initiative (VCMI), the Science Based Targets initiative (SBTi) and the Greenhouse Gas Protocol to refrain from granting companies the “flexibility” to offset a portion of their scope 3 (indirect value chain) emissions. “This approach is counterproductive, and largely backed by actors with direct financial interests in …
Read more “Open letter on the use of carbon credits to meet scope 3 GHG targets”
What is beyond value chain mitigation (BVCM) and what are the prerequisites for making BVCM claims? In this FAQ, we answer some frequently asked questions.
Progress on corporate climate claims and new guidance from the Science-Based Targets Initiative (SBTi) could help ensure that carbon credits are used more for green action than greenwashing inaction.
This collaborative submission on the effectiveness of Environmental Attribute Certificates was sent to the Science-Based Targets Initiative. It consists of 45 pieces of evidence, delivered in nine separate submissions (of five pieces of evidence each). This submission is a collaboration between Carbon Market Watch and NewClimate Institute. All pieces of evidence submitted are in …
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