The VCMI Executive Director, Mark Kenber, stated that the Science Based Targets initiative's (SBTi) new Corporate Net-Zero Standard Version 2.0 acknowledges the role of market-based instruments and aligns with VCMI's work on best-practice corporate carbon credit use. Kenber noted that the standard validates investment in carbon credits but falls short of creating a significant incentive for immediate investment in high-integrity projects. VCMI believes a stronger signal is needed to prevent lost opportunities for emission reduction and removal, and to prepare the market for future demands. The organisation expressed readiness to continue collaborating with SBTi to build corporate confidence in carbon market action.
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