Carbon Credit News – On 11 June 2026, the Science Based Targets initiative (SBTi) released its revised Corporate Net-Zero Standard (V2.0), marking a significant development in global corporate climate action. In response, the Co-Chairs of the Coalition to Grow Carbon Markets issued a positive statement recognizing the Standard’s endorsement of high-integrity carbon credits as a complementary tool alongside direct emissions reductions.
“The SBTi's new Standard sends a clear signal: carbon credits are a valued part of credible climate strategies,” the Co-Chairs stated. They emphasized that carbon credit markets serve as critical infrastructure for managing carbon risk and accelerating the global transition to net zero.
By formally acknowledging the role of credits—both for reduction and removal projects meeting rigorous integrity standards—the update provides businesses with greater clarity and confidence to incorporate them into their decarbonization plans.
The Coalition, a government-led initiative co-chaired by figures including Rachel Kyte (UK), Ravi Menon (Singapore), and Ali Mohamed (Kenya), stressed the urgent need for sustained demand signals. Companies that act early, they noted, will benefit from more favorable pricing, reduced risk, and reliable access to high-quality credit supply necessary for long-term commitments.
This approach aligns with the Coalition’s Shared Principles, which aim to boost corporate investment in high-integrity credits while driving finance toward impactful climate projects, particularly in developing economies.
The Co-Chairs highlighted the importance of international alignment to strengthen market functionality. They expressed readiness to collaborate with the SBTi to promote consistency, enhance transparency, and incentivize demand for credible carbon credits.
This response underscores a growing consensus among governments and standard-setters that high-integrity voluntary carbon markets can play a vital role in scaling climate finance and supporting ambitious corporate net-zero goals without substituting for direct abatement efforts.
Overall, the SBTi update and the Coalition’s welcoming stance represent a constructive step toward more effective, integrated corporate climate strategies worldwide.
