Wednesday, November 9, 2022

U.S. plan for boosting climate investment in low-income countries draws criticism

United States Special Presidential Envoy for Climate John Kerry said in Egypt that he knows carbon markets have gotten a bad reputation but that strong safeguards would make the U.S. program different.

The plan would allow companies to buy carbon credits from developing nations that cut their greenhouse gas emissions. Critics say carbon markets often fail to deliver climate benefits.

(Image credit: AHMAD GHARABLI/AFP via Getty Images)

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