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Very important new paper from @sciencetargets on net-zero strategies. Companies are NOT carbon/climate neutral by buying avoided emissions offsets. Either 100% emission reductions, or reductions + permanent carbon removals are needed.
https://sciencebasedtargets.org/wp-content/uploads/2020/09/foundations-for-net-zero-full-paper.pdf
https://sciencebasedtargets.org/wp-content/uploads/2020/09/foundations-for-net-zero-full-paper.pdf
However, climate investments in emission reductions elsewhere (including many "offset" projects) are positive since it helps facilitate the transition away from fossil. It just shouldn't be seen as "offsets".
Transparency of targets and methods are also key.
Transparency of targets and methods are also key.
Another similar new paper is "Climate neutrality claims
How to distinguish between climate leadership and greenwashing" from @newclimateinst
It concludes that transparancy of corporate net-zero targets is so low that they are impossible to evaluate.
https://newclimate.org/wp-content/uploads/2020/09/Climate_neutrality_claims_BUND_September2020.pdf
How to distinguish between climate leadership and greenwashing" from @newclimateinst
It concludes that transparancy of corporate net-zero targets is so low that they are impossible to evaluate.
https://newclimate.org/wp-content/uploads/2020/09/Climate_neutrality_claims_BUND_September2020.pdf
It also argues for separate targets for reductions and removals. @newclimateinst themselves have not set a net-zero target but a reduction target + promise to invest (currently) 100 USD per residual tonne emitted in effective climate solutions. Very inspiring set-up.
