Q. What is the primary objective of Science Based Targets initiative (SBTi), recently seen in news?
Answer:
Limiting global warming to well below 2°C above pre-industrial levels
Notes: The Science Based Targets Initiative (SBTi), established in 2015, supports companies in setting Science-Based Targets (SBTs) to reduce greenhouse gas emissions in line with the Paris Agreement. A recent decision allowing carbon offsetting for Scope 3 emissions has sparked controversy. SBTi verifies targets independently, ensuring alignment with the latest climate science. It distinguishes between near- and long-term goals, essential for significant progress by 2030 and achieving net-zero emissions by 2050.