The new statement from the Science Based Targets initiative (SBTi) indicates that carbon credits have now reached a turning point, with demand expected to significantly increase, according to Tian Jian-zhong (田建中), general manager of Taiwan Carbon Solution Exchange (TCX).
SBTi has recently decided to allow the use of carbon credits to offset Scope 3 emissions, marking a change from its previous strict requirements for companies to reduce emissions.
TCX’s general manager Tian Jian-zhong (Photo: Lin Bo-yu)
SBTi announced on April 9 that it would allow companies to offset Scope 3 carbon emissions using voluntary carbon credits, which include indirect emissions such as those from the supply chain and waste treatment. This expansion of carbon offset usage is seen as contributing to growth in carbon credit demand.
