The Science Based Targets initiative has proposed to no longer allow the use of carbon credits to abate Scope 3 emissions
At a glance
The Science Based Targets initiative has released draft proposals for its updated corporate net zero standard, with a consultation open until June 1
Key changes for companies include more flexibility for Scope 3 targets, the recognition of nuclear power as a zero-carbon energy source and a requirement to disclose climate transition plans
Despite companies rolling back climate commitments, experts say the SBTi will continue to play an important role in defining science-based emission reduction targets for various economic sectors
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