Statement on effectiveness of corporate carbon offsetting as an alternative to emissions abatement

This is a statement of a literature review commissioned by the SBTi to assess the effectiveness of corporate carbon credit use. Published in July 2024, it has been criticised for its research question that positions carbon credit use as an alternative, rather than an addition, to direct emission reduction from the value chain. NOTE: The paper itself states that there is not enough literature available to credibly answer its research question, and there have been questions about whether that was the right question to ask.