No. Carbon credits are an investment in emission reductions to drive the transition to a low-carbon economy. Even with clean energy gaining momentum, there is a tremendous gap to fill to meet the ‘well below 2oC’ target the Paris Agreement sets for limiting global temperature rise. Companies that set ‘Science Based Targets,’ that is, internal emission reduction targets in line with what science tells us to limit warming to 2C’ and then go beyond by supporting projects that reduce global emissions are demonstrating best practice corporate climate action. By choosing Gold Standard projects for their carbon credit purchases, they are also helping to bring sustainable development benefits – like access to energy and water, new jobs, and better health – to communities around the world.
Are carbon credits just ‘permissions to pollute’? Print
Modified on: Tue, 18 Aug, 2020 at 3:16 PM
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