International Carbon Registry discusses carbon markets' role in Net-Zero and Just Transition

The International Carbon Registry (ICR) published an article discussing the role of carbon markets in achieving Net-Zero targets and a Just Transition. The piece highlights the recent SBTi announcement on including 'offsetting' for Scope 3 emissions under its Net-Zero guidelines. It argues that the Paris Agreement encourages global collaboration beyond internal emission reductions, particularly noting the differentiated responsibilities of developed and developing nations. The ICR advocates for broadening the focus beyond Net-Zero to include sustainable development and a Just Transition, urging nations and companies to consider their contributions to these goals, including the implications of corresponding adjustments.