How should carbon credits fit into a company’s overall climate strategy?
Purchasing carbon credits is not a climate strategy on its own. It is critical for companies to first set and pursue both near and long-term science-based emission reductions targets. As a complement to this activity, carbon credits are an immediate tool for organizations to support emission reduction and removals activities that address Scope 1 and […]
Purchasing carbon credits is not a climate strategy on its own. It is critical for companies to first set and pursue both near and long-term science-based emission reductions targets. As a complement to this activity, carbon credits are an immediate tool for organizations to support emission reduction and removals activities that address Scope 1 and 3 emissions that cannot be mitigated in the near-term. Put another way: carbon credits are a valuable tool in a larger toolbox of an organization’s decarbonization initiatives, but can’t and shouldn’t be the only tool. Carbon projects can play an important role in accelerating the decarbonization of unregulated, high-emitting sectors, as well as the protection and restoration of our natural ecosystems.
