“We prioritize emission mitigation in our approach to Net Zero, but we also recognize the important role that high-integrity carbon credits can play in reducing global emissions while scaling capital for a just transition, particularly in emerging markets. These credits can scale faster if they can be used by companies to address emissions across their value chain, for a limited percentage of Scope 1 and 2 emissions and a meaningful percentage of scope 3 emissions. The ETA program will help develop this market by providing a framework for companies to incorporate ETA credits in renewable energy as part of their corporate climate strategies. We hope the program can expand into nature based solutions to increase scale and applicability even further.”