ABU DHABI, Jan 15 — US climate envoy John Kerry today outlined core principles for a “high-integrity” carbon offset plan meant to help developing nations speed their...
ABU DHABI, Jan 15 — US climate envoy John Kerry today outlined core principles for a “high-integrity” carbon offset plan meant to help developing nations speed their energy transition, and next steps including establishing a consultative group.
Kerry told the Atlantic Council Global Energy Forum in Abu Dhabi the aim was to create bankable deals to accelerate reduction of emissions, stressing that the ETA was not a substitute for other funding sources and would be time-limited. Such schemes, in which companies get emissions credits in return for channelling cash to poor countries that cut their carbon output, have often been riddled with fraud and double-counting.
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