Announcements
Announcements
Corporate climate action may be headed towards a “paradigm shift”, said SEI US Senior Scientist Derik Broekhoff in an article by Disruption Banking. While companies’ carbon-neutral claims historically have meant offsetting emissions, they are now looking to cut emissions across their value chains before turning to carbon credits.
Photo: Kasturi Laxmi Mohit / Unsplash.
Carbon neutrality claims can often conceal more than they reveal about voluntary climate action, and carbon credits are subject to inherent uncertainties about their true mitigation value.
Broekhoff says the world cannot “offset its way out of climate change.” As an alternative to offsetting, companies should turn their efforts toward high-value technology investments and advancing green policy.
Could carbon neutrality be replaced by the notion of contributing to global net-zero? Read Disruption Banking’s examination of the topic with SEI US Senior Scientist Derik Broekhoff here.
Perspective / Are corporate carbon offsets viable to reach net-zero emissions? SEI Senior Scientist Derik Broekhoff argues that we should change the narrative. Here is why.
Perspective / The point of companies setting net-zero targets is not for each company to achieve net zero, but to contribute what it can to global net zero.
Journal article / This paper presents a framework for assessing the standards and practices of voluntary carbon market crediting schemes related to unit quality.
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