Gold Standard advocates for a ‘reduce within/finance beyond’ model, where companies should reduce their climate impact in line with what science indicates is required to balance global emissions with carbon sinks by midcentury (e.g., by adopting a Science Based Target), AND finance emission reductions beyond their corporate boundaries to take full responsibility for their residual emissions. This is roundly agreed to constitute “carbon neutrality” and Gold Standard advocates for this as a best practice. High-level claims like this, including also “climate neutral,” “carbon negative,” “climate positive,” are under discussion among civil society climate advocates to provide clearer definition. Gold Standard will provide updates on these definitions as consensus is reached.
Does Gold Standard consider Carbon Neutrality to be a credible claim? Print
Modified on: Mon, 30 Nov, 2020 at 6:13 PM
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