New SBTi Report: Compensation vs. Contribution Claims | Lydia Chen posted on the topic | LinkedIn (original) (raw)
Lydia Chen’s Post
Founder, Seoicure CDR | Ex-Barclays | Climate Tech (H2, CDR) | AirMiners | Global Talent Visa Recipient | Born @ 353ppm
2mo
🌿 Carbon Removal Journal 💚 Question for the new SBTi Report: Navigating Compensation vs. Contribution Claims I've been diving into the latest SBTi report, and there's a lot of buzz around the evolving standards and their implications. While the SBTi continues to uphold rigorous criteria, it's clear they're still cautious about fully integrating the latest carbon removal pathways—perhaps because these technologies, though promising, are still emerging. One of the concept standout to me revolves around compensation vs. contribution claims: 🔄 Compensation Claims (often linked with offsetting) suggest that purchasing carbon credits can neutralize a company's emissions. However, this method has faced scrutiny. Critics argue that it can sometimes create a misleading equivalence between purchasing credits and actual emission reductions, leading to concerns over the permanence and additionality of the credits used. 🌱 Contribution Claims, on the other hand, focus on supporting broader climate efforts without claiming a direct counterbalance to a company's emissions. This approach encourages companies to not only reduce their own emissions but also invest in high-quality projects that contribute to global decarbonization. This shift from compensation to contribution claims is a promising sign. It aligns better with long-term sustainability goals and provides a clearer, more honest pathway for companies to contribute positively to the climate crisis. Source: https://lnkd.in/eHmkCqarWhat does this mean for Scope 3 emissions and corporate strategies? Let's discuss! Do you see this as a step forward for new CDR technologies, or are there still hurdles we need to address? Share your thoughts in the comments #ClimateAction #CarbonRemoval #CorporateResponsibility #SBTi #CarbonCredits #ESG #climatetech
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