The Urbaniqe Digest
We keep our fingers on the pulse of the carbon credit world. Checking the trends, forecast and news, to develop our solutions in alignment to them. Here in this digest we share two articles we came across in the month of April. We find them worthy of reading and considering, whether you are already a green investor or just planning to become one.
Carbon credits to offset Scope 3 emissions
Corporate climate action organization, SBTi (Science Based Targets initiative) announced that it supports the use of carbon credits for abatement purposes on Scope 3 emissions. This is a huge step forward in recognizing the importance of carbon credits in tackling global warming.
„While recognizing that there is an ongoing healthy debate on the subject matter, SBTi recognizes that, when properly supported by policies, standards and procedures based on scientific evidence, the use of environmental attribute certificates for abatement purposes on Scope 3 emissions could function as an additional tool to tackle climate change.”
Energy transition scenarios by McKinsey
McKinsey & Company released an article titled "Global Energy Perspective 2023: CO2 emissions outlook" a few weeks ago. The article refers to the COP28 (Dec 2023) statement acknowledging that „limiting global warming to 1.5°C with no or limited overshoot requires deep, rapid, and sustained reductions in global greenhouse gas emissions of 43 percent by 2030 and 60 percent by 2035 relative to the 2019 level to reach net-zero carbon dioxide emissions by 2050”. The article discusses four different scenarios, about energy transition and its effect on global warming.
We would be happy to read your thought on these articles and topics, do share them in the comments!