Nuts and Bolts of Science Based Target Setting with Ramboll Environ
With about 1000 GtCO2 remaining in the global carbon budget to avoid the worst impacts of climate change, the time is now to align company greenhouse gas targets with science. If we continue at the same emissions rate of around 49 GT per year, we will exhaust our budget in about 20 years. Science-based target setting is about determining how to allocate that global risk-based budget. While companies have long set GHG reduction goalsÛÓdriven variously by energy cost savings, customer expectations, regulatory conditions and stewardshipÛÓthose goals were rarely, calibrated to the magnitude of global effort required to mitigate climate change. CDP now asks in questions 3.1a and b if targets are science-based. This webinar will discuss approaches to setting a science based target (SBT).