This week, SBTI’s Board of Trustees approved the use of EACs as part of a corporate net zero strategy. Controversy has ensued, as SBTI staff members are protesting the use of carbon offsets. We think of EACs as different than traditional carbon offsets, in particular when the EACs reflect investments into actual decarbonization. There’s a huge difference between “not cutting down a forest” and swapping a heat pump for a gas furnace. Valuing the environmental benefits of energy decarbonization (where most GHGs come from in the first place), allows capital to move efficiently into these projects. If we expect to rapidly decarbonize simply on the basis of good will, or energy bill savings, we are deluding ourselves. When the EAC is a reflection of the elimination of a source of GHG emissions, we should embrace the opportunity to drive investment into these types of decarbonization projects.
SBTi Board of Trustees made a decision that caused consternation even among their patron foundations, funded by Michael Bloomberg and Jeff Bezos.
By “winking” at including non-verifiable offsets, the SBTi trustees gave the squawking of the asset class undeserved standing.
The stinging rebuff by the trustees to the staff and scientific community of SBTi is another “deja-vu” reveal that the powerful will protect their interests at any and all costs.
There is an option - for how long, “Who knows?”
Open Banking - move your money to Green Banks, and away from the banks and their captive consulting firms peddling “kinda-sorta” stuff.
Despite the serious high level systems and technology required for accountability and attribution, a DIY “blue ocean” sensibility must be our north star.
If we don’t build in sustainability and invest in fact-based futures, we won’t have much choice when the current construct collapses.
SBTi Board of Trustees made a decision that caused consternation even among their patron foundations, funded by Michael Bloomberg and Jeff Bezos.
By “winking” at including non-verifiable offsets, the SBTi trustees gave the squawking of the asset class undeserved standing.
The stinging rebuff by the trustees to the staff and scientific community of SBTi is another “deja-vu” reveal that the powerful will protect their interests at any and all costs.
There is an option - for how long, “Who knows?”
Open Banking - move your money to Green Banks, and away from the banks and their captive consulting firms peddling “kinda-sorta” stuff.
https://www.consumerfinance.gov/about-us/newsroom/cfpb-proposes-rule-to-jumpstart-competition-and-accelerate-shift-to-open-banking/
Take a moment to read about community based organizations, and find out - “resilience is good business”
NREL info & resources
https://www.nrel.gov/state-local-tribal/basics-green-banks.html
Despite the serious high level systems and technology required for accountability and attribution, a DIY “blue ocean” sensibility must be our north star.
If we don’t build in sustainability and invest in fact-based futures, we won’t have much choice when the current construct collapses.