The world’s main verifier of corporate climate targets will let companies use carbon credits to reduce the broadest scope of their emissions, relaxing earlier guidance and galvanizing a controversial market for green finance. The United Nations-backed Science Based Targets initiative said it will allow the use of credits to cut emissions from value chains, otherwise known as Scope 3. The market for carbon credits is still reeling from a period of turbulence, following revelations of projects that failed to deliver on emissions cuts. At the same time, the finance industry and carbon credit providers are positioning themselves to reap the monetary benefits of the growing market for offsetting reported emissions. The decision could help boost the market, currently valued at $2.0-$2.5 billion, to more than $1 trillion a year by 2050. …Stephannie Galdino, a voluntary carbon market analyst with Veyt, warned of a “high risk of greenwashing” as a result of SBTi’s decision.