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The Science Based Targeting Initiative (SBTi) will allow companies to offset Scope 3 emissions using carbon credits, a move that could trigger greenwashing controversies or significantly change the renewable energy certificate (REC) and carbon credit markets.
Renewable energy certificates may be used as carbon credits
SBTi's revision of standard on offsetting Scope 3 emissions has sparked a series of controversies. While the carbon market welcomes this news, there are many voices of opposition.
