On February 28, the Science-Based Targets initiative (SBTi) published BVCM report and a research paper on accelerating corporate adoption of BVCM. The reports cover incentives, challenges, and pathways for private sector adoption of BVCM, drawing upon extensive research and stakeholder consultations conducted by the SBTi. The guidance emphasizes the importance of additional efforts to combat climate change. Companies are encouraged to explore different pathways, including purchasing carbon credits, or investing in mitigation projects to offset emissions outside their immediate scope.
Introduction While corporate emission reduction targets within value chains are crucial, they alone will not be enough to meet the ambitious 1.5°C target. Therefore, it is equally essential to mobilize private sector finance for emissions mitigation beyo…
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