The Science-Based Targets initiative's (SBTi) focus on beyond value chain mitigation comes in response to criticism of how the voluntary carbon markets could be used to drive decarbonisation beyond the value chain, or across Scope 3 emissions.
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Gold Standard, environmental impact platform Milkywire and new arts charity Murmur have announced a collaboration on establishing guidance, tools and infrastructure for 'beyond value chain mitigation' (BVCM).
Negotiators at COP27 have decided to move decisions about methodologies and standards for Article 6.4 of the Paris Agreement, on carbon markets, to 2023.
Singapore-based companies will be able to use eligible Gold Standard and Verra carbon credits to meet part of their carbon tax obligations in Singapore and provide a boost for international cooperation in the Paris Agreement era.
Investing in carbon credits may be the primary route to achieving near-term carbon-reduction goals, yet the offset market faces challenges. It's not just the type of credit or when to use it that’s a concern, but the underlying market also faces price, volume and demand fluctuations and variances.
Carbon credits, often called offsets, are part of everyday strategy for many businesses, whether for compliance under a trading scheme, commitment to a net-zero goal or a means of persuading stakeholders that companies are taking action on one of the biggest issues of the day.