West African countries urge adding carbon offset to corporate net zero standards

(Photo: iStock)

Carbon-neutral chocolate, carbon-neutral flights... More and more companies are using carbon offsets to meet their reduction goals, but this is often equated with greenwashing. In early June, ten West African countries wrote to the Science Based Targets initiative (SBTi), urging that carbon offsets be included in corporate net zero standards, allowing companies to offset their emissions.

As a result, this would attract corporate financing from various countries to projects aimed at reducing and removing greenhouse gas emissions,helping to address climate change and environmental conservation. Additionally, for developing countries, carbon credit development is a significant source of income.