SBTi rules relaxed set to boost the carbon credits market

(Photo: Pixabay)

The Science Based Targets initiative (SBTi) announced that it will allow the use of carbon credits to reduce emissions from Scope 3, according to a statement on its website. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published in July.

The carbon credits market is still recovering from a period of turbulence following revelations of projects that failed to deliver on emissions cuts.