{"id":128903,"date":"2023-06-27T11:27:35","date_gmt":"2023-06-27T10:27:35","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=128903"},"modified":"2023-06-27T11:27:35","modified_gmt":"2023-06-27T10:27:35","slug":"ukgbc-publishes-new-carbon-offsetting-and-pricing-guidance","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/ukgbc-publishes-new-carbon-offsetting-and-pricing-guidance\/128903\/","title":{"rendered":"UKGBC publishes new carbon offsetting and pricing guidance"},"content":{"rendered":"

The UK Green Building Council (UKGBC) has published new carbon offsetting and pricing guidance for the built environment<\/h2>\n

The new guidance from UKGBC<\/a> urges the construction industry to view carbon offsetting more comprehensively, accompanied by an ambitious approach to internal carbon pricing.<\/p>\n

The publication sets out three levels of ambition the industry should work towards, with guidance to develop a pathway to adopt a leading approach:<\/p>\n

    \n
  1. Minimum requirements<\/li>\n
  2. Good practice<\/li>\n
  3. Leading approach<\/li>\n<\/ol>\n

    The step-by-step process detailed in the guidance will enable practitioners to take a more holistic approach to carbon offsetting, which goes beyond the basic procurement of voluntary offset credit.<\/p>\n

    The new guidance also highlights how carbon pricing can be used as a mechanism to accelerate the decarbonisation of built assets and the wider industry.<\/p>\n

    The paper stresses the need for greater ambition when setting an internal carbon price<\/h3>\n

    The cost of accredited carbon credits on the voluntary market does not accurately reflect the full societal and economic cost of emitting carbon into the atmosphere.<\/p>\n

    Yetunde Abdul, head of Climate Action at UKGBC<\/a>, commented: \u201cThis guidance is crucial in equipping organisations seeking to accelerate the net zero transition to go beyond the procurement of voluntary credits to compensate for their residual emissions, towards a leadership approach which promotes social equity, restore ecosystems, and drive positive change within, and beyond, the built environment<\/a> value chains.\u201d<\/p>\n

    \n<\/div>","protected":false},"excerpt":{"rendered":"

    The UK Green Building Council (UKGBC) has published new carbon offsetting and pricing guidance for the built environment.<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[307],"tags":[277,145559,93645],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-128903","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-energy-news","7":"tag-built-environment","8":"tag-emissions","9":"tag-net-zero"},"acf":[],"yoast_head":"\nUKGBC publishes new carbon offsetting and pricing guidance<\/title>\n<meta name=\"description\" content=\"The UK Green Building Council (UKGBC) has published new carbon offsetting and pricing guidance for 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