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Foundations for Science- Based Net-Zero Target Setting in ...

Partner organizations Foundations for Science- Based Net-Zero Target Setting in the Financial Sector: Draft for Public Comment Version 0. November 2021. SBTi Finance Net-Zero Foundations Draft for Public Comment Version 0 | November 2021. @ScienceTargets /science- Based -targets Version Release date Purpose Updates on earlier version 0, SBTi FI Net-Zero Draft for public 10/11/21. Foundations Draft comment SBTi Finance Net-Zero Foundations Draft for Public Comment 1 Version 0 | November 2021. @ScienceTargets /science- Based -targets Foundations for Science- Based Net-Zero Target Setting in the Financial Sector Financial institutions have started to focus on Net-Zero as the guiding principle for their climate mitigation ambition. However, the lack of consistent principles, definitions, metrics, and evidence of effective strategies to meet Net-Zero targets limits the ability of financial institutions to support the reduction of emissions in the real economy that is needed to stabilize temperatures at C above pre-industrial levels.

widely accepted warning that in pathways that limit global warming to 1.5°C, the world needs to halve carbon dioxide (CO 2) emissions by around 2030 and reach net-zero CO 2 emissions by mid-century, accompanied by deep cuts to non-CO 2 greenhouse gas (GHG) emissions. The report defined the net-zero state as the point when “anthropogenic ...

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