1. Home
  2. Blog
  3. UPSC

Science Based Targets initiative (SBTi)

Why is it in the news?

  • The recent decision by SBTi to permit companies to use carbon offsets to meet their climate goals has sparked widespread criticism.

More about the news

  • SBTi is a corporate climate action organization aimed at combating the climate crisis by enabling companies and financial institutions worldwide to set science-based targets.
  • It defines and promotes best practices in emissions reductions and net-zero targets in alignment with climate science.
  • The initiative develops standards, tools, and guidance to assist companies and financial institutions in setting science-based targets based on the latest climate science.
  • SBTi also offers validation services to assess and validate the targets set by companies and financial institutions, ensuring they are in line with scientific recommendations.
Carbon Offsets

路聽聽聽聽聽聽 Carbon offsets are a mechanism for organizations or individuals to mitigate their carbon dioxide emissions by investing in projects that reduce or prevent emissions elsewhere.

路聽聽聽聽聽聽 These projects may include activities like renewable energy projects, reforestation initiatives, and methane capture from landfills.

路聽聽聽聽聽聽 By purchasing carbon offsets, companies or individuals can compensate for their own carbon emissions, effectively “offsetting” their environmental impact and contributing to climate change mitigation efforts.

Get free UPSC Updates straight to your inbox!

Get Updates on New Notification about APPSC, TSPSC and UPSC

Get Current Affairs Updates Directly into your Inbox

Discover more from AMIGOS IAS

Subscribe now to keep reading and get access to the full archive.

Continue reading