The Science Based Targets Initiative drops its new net-zero ambitions making everything else look lagging.
The new net-zero standard could further constrict greenwashing in the space with its full coverage, near-term targets spanning the next five to 10 years and more ambitious 2050 targets. The new net-zero standard requires a decarbonization pathway of 90 percent to 95 percent before 2050 and for emissions to be halved far “before 2030.”
From there, offsets and carbon removal tools were deemed satisfactory to reach full neutrality. That being said, SBTi said these tools cannot exceed 5 percent to 10 percent of a company’s emissions, depending on the sector.
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