Climate Standard Setter SBTi Sets New Rules for Companies Seeking Net Zero

The SBTi’s updated Net-Zero Standard introduces a “best-efforts framework” that allows companies to count environmental credits and carbon removals toward climate goals, acknowledging the difficulty of eliminating certain emissions. Market-based actions outside the supply chain, such as sustainable-aviation-fuel credits, can now be core to a company’s net-zero strategy. High-impact carbon-removal technologies will also be permitted from 2035 to tackle residual, unavoidable emissions. Additionally, the SBTi will maintain annual emissions matching for power use rather than mandating hourly matching, but it will require tech companies to disclose hourly-matched data to improve transparency.
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