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LONDON - The Science Based Targets initiative (SBTi) has launched a programme to develop the first science-based global standard for corporate net-zero target setting.

SBTi has published a new paper which lays out the conceptual foundations for credible, science-based net-zero targets for the corporate sector.

It gives limited support for carbon offsetting which has been criticised in some quarters as effectively buying a licence to pollute the environment.

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