The SBTi CNZ V2.0: Analysis of what comes next

Historically critical of carbon credits, the SBTi’s Net-Zero Standard Version 2.0 now includes formal recognition tiers—Engaged, Advanced, and Leadership—under its Ongoing Emissions Responsibility framework. From 2035, carbon removals become mandatory for larger corporations, scaling to 100% neutralization by their target year. Currently, SBTi-aligned companies retire credits covering just 0.06% of their 34.5 billion tonnes of emissions. Meeting even the basic 1% “Engaged” threshold could increase SBTi-driven carbon credit demand by nearly 170% to 55 million tonnes by 2030.
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