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A watchdog for corporate climate commitments is cracking down on carbon credits
Companies can’t just offset their climate pollution, watchdog warns
The group says its findings only apply to the evidence it reviewed, but the report falls in line with a growing number of investigations and academic research that cast doubt on carbon credits. There was an uproar when the group’s board of trustees released a statement in April suggesting that the SBTi might suddenly start to allow a company to offset pollution stemming from its supply chain and the use of its products. Environmental groups say the analysis the SBTi released this week shows why carbon credits shouldn’t play any role in companies’ sustainability plans moving forward.
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