An initiative aimed at giving companies independent verification that they are slashing carbon emissions in line with the Paris climate agreement is finalising guidelines for shipping.
After setting out guidance for land transport and aviation, the Science Based Targets initiative (SBTi) plans to roll out the maritime standards in the months ahead.
How it works
SBTi has a five-step process for setting targets:
- Commit: Companies submit a letter stating their intent to set a science-based target.