Utility Dive•9 days ago
SBTi opens pilot for power sector net-zero standard
Key Takeaway
The SBTi's pilot for a power sector net-zero standard signals a critical shift towards mandatory emissions accountability, requiring developers and large consumers to strategically plan for future low-carbon power procurement and project development.
AI Summary
- •The Science Based Targets initiative (SBTi) has opened a pilot program for a net-zero standard specifically tailored for the power sector, inviting energy companies to test its draft framework.
- •This development indicates a growing expectation for developers and large power consumers to align with rigorous, science-based emissions reduction targets, which will influence future power purchase agreements (PPAs) and project investment decisions.
- •Participation in the pilot offers an early strategic advantage for energy companies to help shape the upcoming industry standard and proactively position themselves to meet evolving environmental, social, and governance (ESG) and climate commitments.
Topics
ccgtdatacenteremissionsfinancingpolicyppasolarstoragewind