WSJ: Bezos Earth Fund Commits to Continue Financing Climate Targets Group
April 19, 2024 The article reports on the Bezos Earth Fund’s continued financial support for the Science Based Targets initiative (SBTi), which helps companies set environmental targets to combat climate change. Despite controversy over the inclusion of carbon credits in SBTi’s policy, the Bezos Earth Fund reaffirms its commitment without influencing the decision-making process. The SBTi faced backlash for initially deciding to allow carbon credits as a method for companies to offset emissions, a decision that was later put on hold for further review. Concerns are raised about the efficacy of carbon credits, with critics arguing that they may allow companies to avoid more substantial decarbonization measures. Overall, the article highlights the ongoing debate within the corporate sector about the best strategies for achieving climate goals.