Science Based Targets initiative launches process to develop first science-based global standard for corporate net-zero targets

The Science Based Targets initiative (SBTi) has launched a process to develop the first science-based global standard for corporate net-zero target setting, to ensure that companies’ net-zero targets translate into action that is consistent with achieving a net-zero world by no later than 2050. The process is marked with the publication of a new paper that lays out the conceptual foundations for credible, science-based net-zero targets for the corporate sector. The 2018 Special Report on 1.5°C from the Intergovernmental Panel on Climate Change (IPCC) warned that global emissions must drop…

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