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The SBTi develops standards, tools and guidance to help companies and financial institutions to set greenhouse gas (GHG) emissions reduction targets in line with climate science and the goals of the ParisAgreement. This week, Amazon launched a carbon credit service.
SUMMARY: Aligned With the ParisAgreement and Approved by the Science Based Targets Initiative (SBTi), JetBlue Commits to Reduce Jet Fuel Emissions 50% Per Revenue Tonne Kilometer by 2035 From 2019 Levels. Refreshed CarbonOffsetting Strategy. SOURCE: JetBlue Airways.
Lessons have been learned from carbonoffset missteps, but new market will also be marked by differences in project design, benefits and rationale. Investors have grown to regard carbon credits with caution, particularly when used by firms to offset CO2 emissions as part of their net zero commitments.
Now they must wait to see how signatories to the ParisAgreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. C at best.
The majority of global pension funds are in the process of integrating climate goals into their portfolios, with many expecting to tilt their passive strategies toward the goals of the Parisagreement, including via use new index products. Only 22% said they currently use indexes based on the EU benchmarks on a notable scale.
Louis Bromfield, Lead SustainableInvestment Associate at Foresight Capital Management, says that investors need to pay attention to SAFs, with aviation representing “one of the most difficult sectors to decarbonise”. Trouble on the tarmac A key challenge in scaling up SAFs comes from production.
There are other areas in which the TPT will have to set their own expectations, spanning from reliance on carbonoffsetting and carbon capture and storage (CCS) technologies to transparency on climate lobbying. . C of global warming promised by signatories of the ParisAgreement. . Throwing down the gauntlet
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