Renewable energy certificates threaten the integrity of corporate science-based targets

@article{Bjrn2022RenewableEC,
  title={Renewable energy certificates threaten the integrity of corporate science-based targets},
  author={Anders Bj{\o}rn and Shannon M. Lloyd and Matthew Brander and H. Damon Matthews},
  journal={Nature Climate Change},
  year={2022},
  volume={12},
  pages={539 - 546}
}
Current greenhouse gas accounting standards allow companies to use renewable energy certificates (RECs) to report reductions in emissions from purchased electricity (scope 2) as progress towards meeting their science-based targets. However, previous analyses suggest that corporate REC purchases are unlikely to lead to additional renewable energy production. Here we show that the widespread use of RECs by companies with science-based targets has led to an inflated estimate of the effectiveness… 
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