Net-Zero, Net-Positive, Net impact, Net……. The Science Based Targets initiative (SBTi) recently faced internal controversy after announcing plans to include environmental attribute certificates (EACs) like emissions reduction credits in their updated corporate net-zero standards. Concerned staff publicly opposed the move, with some even calling for the CEO and board to resign. Subsequently, the SBTi CEO… Continue reading The “NET” obstacle
Tag: net zero
Carbon Credits & Indian CSR
The entire carbon credit system is fraught with volatilities. Adding fuel to the fire has been a recent development wherein the Zimbabwean government declared that it would claim half the revenue generated from offset projects developed in the country. All past agreements thus stand null and void [1]. It should also be noted that this… Continue reading Carbon Credits & Indian CSR
Time for India to be ready with quality Carbon CREDs
The thought of writing on this topic came to me because of the couple of calls that I received last week. One call was from someone in the treasury section, who informed me that bankers were asking to convert deposits to “Green” deposits and the question was whether the bank would give them carbon credits for… Continue reading Time for India to be ready with quality Carbon CREDs