IETA response to SBTi
10.04.24|Press Releases
IETA welcomes yesterday’s [9 April 2024] announcement by SBTi’s Board of Trustees regarding the use of voluntary carbon credits to offset corporate scope 3 emissions. This move offers a practical route for corporates to engage in climate action, fostering demand for trustworthy credits and delivering more climate finance to developing countries. IETA’s position will reinforce similar principles in our new Guidelines for High Integrity Use of Carbon Credits, which will be unveiled during IETA’s European Climate Summit in Florence, Italy on 16-18 April. IETA believes the voluntary carbon market is evolving and adapting to changing dynamics, reflecting a positive evolution in response to the climate imperative to do more, faster.
We look forward to seeing further details on how this change will be applied.
View the STBi statement.
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