Sabine Frank Executive Director , Carbon Market Watch
programmes - effectively a get out of jail free card , enabling them to hit their green targets without taking tangible action .
Three days later , SBTi published a ‘ clarification statement ’ that said : “ No change has been made to SBTi current standards . Any use of EACs for Scope 3 will be informed by evidence .”
It may just as well have tried to force a genie back into a bottle .
‘ This defies good governance and science ’ Many see the initial statement as a clear indication of SBTi ’ s direction of travel – and a betrayal of its founding principles .
Simon McKeating , Programme Manager at the Scotland Food & Drink Partnership ’ s Net Zero Commitment , said : “ Real progress on emissions reduction can only be made by taking action in your own operations and along your value chain .
“ We cannot simply buy our way out of climate change .”
Carbon Market Watch Executive Director Sabine Frank added : “ This decision defies both good governance and science . If it is not reversed , it will strip the SBTi of its ‘ science-based ’ nature and will mark a step back for voluntary climate initiatives globally .”
128 May 2024