UPDATED 26 February 2024


LONDON CLIMATE ACTION WEEK: The role of carbon offsetting in Net Zero targets

15 Oct 2020
23:59 (GMT) 23:59 (local time)

Companies are making increased commitments to decarbonise, which was especially visible during the UN General Assembly with Net Zero pledges gaining significant traction. There is now clarity from the Science Based Targets initiative on the definition of Net Zero and what corporate ambition should be in terms of time and scales to reach a future Net Zero state. However, questions remain on the roadmap to get there.

This event focuses on the role of carbon offsetting in the journey to Net Zero, including:

1. How carbon offsetting fits into meeting Net Zero targets according to the Science Based Targets initiative, as well as accelerating progress to the Paris Agreement’s ‘Net Zero by midcentury’ ambition
2. The respective roles of avoided emissions and removals, with a specific look at nature-based solutions, and how they are relevant for business
3. A summary of efforts to scale the voluntary carbon market to meet the growing need for companies to invest in reductions beyond their corporate boundaries, including the public consultation underway by the Mary Carney Task Force
4. Progress on a Voluntary Carbon Market Transition Framework led by Gold Standard with support from the German Ministry of the Environment that will define a road map for alignment with the Paris Agreement Article 6 rulebook

Find out more at London Climate Action Week.


  • Sonja Gibbs, Managing Director + Head of Sustainable Finance, Institute of International Finance

  • Alex Farsan, Global Lead - Science Based Targets, WWF

  • Owen Hewlett, Chief Technical Officer, Executive

  • James Goudreau, Head of Climate, Novartis 

  • Zelda Bentham, Group Head of Sustainability, Aviva


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