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These higher prices of allowances are a key signal for companies to push for decarbonisation as demonstrated by the 35% emission reductions in installations covered by the ETS between 2005 and 2019. Besides, a third of the respondents consider offsetting as pure greenwashing. People respond to incentives.” The rest is commentary.
Only by moving from averages to actuals audited at reasonable assurance can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet. SAP Green Ledger delivers precisely that. It entered into force on 5 January 2023. **The
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